CrossAmerica Partners LP (NYSE:CAPL) Short Interest Up 32.4% in May

CrossAmerica Partners LP (NYSE:CAPLGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 138,000 shares, a growth of 32.4% from the April 30th total of 104,200 shares. Based on an average daily volume of 40,200 shares, the short-interest ratio is currently 3.4 days. Currently, 0.8% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CAPL shares. TheStreet lowered shares of CrossAmerica Partners from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th. StockNews.com lowered shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th.

Read Our Latest Report on CrossAmerica Partners

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in CrossAmerica Partners by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 205,698 shares of the oil and gas company’s stock valued at $4,688,000 after acquiring an additional 823 shares during the last quarter. Raymond James & Associates grew its position in shares of CrossAmerica Partners by 0.9% during the 4th quarter. Raymond James & Associates now owns 87,923 shares of the oil and gas company’s stock worth $2,005,000 after buying an additional 774 shares during the period. Blackstone Inc. increased its stake in shares of CrossAmerica Partners by 1.5% in the 3rd quarter. Blackstone Inc. now owns 75,163 shares of the oil and gas company’s stock valued at $1,630,000 after acquiring an additional 1,102 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of CrossAmerica Partners by 79.7% in the 1st quarter. GSA Capital Partners LLP now owns 36,412 shares of the oil and gas company’s stock valued at $830,000 after acquiring an additional 16,153 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in CrossAmerica Partners by 1.9% during the 1st quarter. BNP Paribas Financial Markets now owns 30,971 shares of the oil and gas company’s stock worth $706,000 after acquiring an additional 565 shares during the last quarter. Institutional investors and hedge funds own 24.06% of the company’s stock.

CrossAmerica Partners Stock Performance

NYSE:CAPL opened at $20.31 on Friday. The firm has a market capitalization of $772.39 million, a PE ratio of 33.30 and a beta of 1.52. The company has a quick ratio of 0.41, a current ratio of 0.77 and a debt-to-equity ratio of 250.71. CrossAmerica Partners has a 12-month low of $18.00 and a 12-month high of $24.19. The firm has a 50-day moving average price of $21.76 and a 200 day moving average price of $22.30.

CrossAmerica Partners (NYSE:CAPLGet Free Report) last posted its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $941.55 million during the quarter, compared to the consensus estimate of $1.17 billion. CrossAmerica Partners had a net margin of 0.56% and a return on equity of 701.44%. Research analysts anticipate that CrossAmerica Partners will post 0.26 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.34%. CrossAmerica Partners’s payout ratio is 344.26%.

CrossAmerica Partners Company Profile

(Get Free Report)

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.

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