CrossAmerica Partners LP (NYSE:CAPL) Director Acquires $54,147.06 in Stock

Key Points

• Director Joseph V. Jr. Topper purchased 2,706 shares of CrossAmerica Partners LP stock at an average price of $20.01, increasing his ownership by 0.15% to a total of 1,857,649 shares valued at approximately $37.17 million.
• The company reported a quarterly EPS of $0.07, missing estimates, but had a revenue of $961.93 million, exceeding analyst expectations of $793.52 million.
• CrossAmerica Partners announced a quarterly dividend of $0.525, reflecting a 10.4% yield with a notably high dividend payout ratio of 185.84%.

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) Director Joseph V. Jr. Topper acquired 2,706 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $20.01 per share, with a total value of $54,147.06. Following the purchase, the director owned 1,857,649 shares in the company, valued at $37,171,556.49. This represents a 0.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

CrossAmerica Partners Price Performance

Shares of CAPL stock traded up $0.17 during trading on Monday, hitting $20.46. 5,226 shares of the stock traded hands, compared to its average volume of 35,785. The firm has a market capitalization of $779.70 million, a P/E ratio of 18.07 and a beta of 0.55. The firm's fifty day moving average price is $21.08 and its 200-day moving average price is $22.31. CrossAmerica Partners LP has a 52-week low of $19.05 and a 52-week high of $25.73.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.13). CrossAmerica Partners had a negative return on equity of 32.78% and a net margin of 1.19%. The company had revenue of $961.93 million during the quarter, compared to analyst estimates of $793.52 million. As a group, equities research analysts expect that CrossAmerica Partners LP will post 0.42 earnings per share for the current year.

CrossAmerica Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.3%. CrossAmerica Partners's dividend payout ratio is currently 185.84%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of CrossAmerica Partners from a "buy" rating to a "hold" rating in a research report on Sunday.

Hedge Funds Weigh In On CrossAmerica Partners

Several large investors have recently bought and sold shares of the business. SVB Wealth LLC purchased a new position in shares of CrossAmerica Partners during the first quarter worth about $33,000. Private Advisor Group LLC acquired a new position in shares of CrossAmerica Partners during the 1st quarter worth approximately $205,000. Kestra Private Wealth Services LLC purchased a new stake in shares of CrossAmerica Partners during the first quarter worth about $388,000. Acadian Asset Management LLC acquired a new position in CrossAmerica Partners in the 1st quarter valued at $535,000. Finally, Ellsworth Advisors LLC purchased a new stake in shares of CrossAmerica Partners during the 1st quarter valued at $648,000. Hedge funds and other institutional investors own 24.06% of the company's stock.

CrossAmerica Partners Company Profile

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.