CrossAmerica Partners LP (NYSE:CAPL) Short Interest Down 14.3% in January

CrossAmerica Partners LP (NYSE:CAPL) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 117,800 shares, a decrease of 14.3% from the January 15th total of 137,500 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is presently 3.2 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th.

Institutional Investors Weigh In On CrossAmerica Partners

A number of hedge funds have recently modified their holdings of the company. Allworth Financial LP purchased a new position in CrossAmerica Partners during the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC increased its holdings in shares of CrossAmerica Partners by 47.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company’s stock worth $82,000 after buying an additional 1,200 shares during the last quarter. Sonora Investment Management Group LLC acquired a new stake in shares of CrossAmerica Partners during the 4th quarter worth approximately $224,000. Franklin Resources Inc. purchased a new stake in shares of CrossAmerica Partners during the 3rd quarter valued at approximately $279,000. Finally, Sanctuary Advisors LLC lifted its holdings in CrossAmerica Partners by 5.7% in the third quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock valued at $377,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 24.06% of the company’s stock.

CrossAmerica Partners Price Performance

Shares of CrossAmerica Partners stock opened at $22.72 on Tuesday. The stock’s 50 day simple moving average is $22.21 and its 200-day simple moving average is $21.14. The stock has a market cap of $864.50 million, a P/E ratio of 43.69 and a beta of 1.47. CrossAmerica Partners has a 1-year low of $18.43 and a 1-year high of $23.60.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.10 annualized dividend and a dividend yield of 9.24%. CrossAmerica Partners’s dividend payout ratio is presently 403.85%.

About CrossAmerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.