CrossAmerica Partners LP (NYSE:CAPL) Short Interest Up 5.2% in October

CrossAmerica Partners LP (NYSE:CAPL) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 89,400 shares, a growth of 5.2% from the October 15th total of 85,000 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 3.0 days. Currently, 0.5% of the company’s shares are sold short.

CrossAmerica Partners Stock Up 0.0 %

NYSE:CAPL opened at $20.15 on Monday. CrossAmerica Partners has a 52 week low of $18.43 and a 52 week high of $24.19. The stock’s fifty day moving average is $20.98 and its two-hundred day moving average is $20.35. The company has a market capitalization of $766.65 million, a P/E ratio of 38.75 and a beta of 1.50.

CrossAmerica Partners (NYSE:CAPL) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. Sell-side analysts anticipate that CrossAmerica Partners will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.10 dividend on an annualized basis and a yield of 10.42%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 403.85%.

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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in CrossAmerica Partners during the 1st quarter worth approximately $31,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of CrossAmerica Partners during the first quarter worth $205,000. Janney Montgomery Scott LLC raised its stake in shares of CrossAmerica Partners by 10.0% in the first quarter. Janney Montgomery Scott LLC now owns 20,607 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 1,872 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in CrossAmerica Partners by 1.9% in the first quarter. BNP Paribas Financial Markets now owns 30,971 shares of the oil and gas company’s stock valued at $706,000 after purchasing an additional 565 shares during the period. Finally, IFG Advisory LLC acquired a new position in CrossAmerica Partners during the 2nd quarter worth $332,000. Hedge funds and other institutional investors own 24.06% of the company’s stock.

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.