Short Interest in CrossAmerica Partners LP (NYSE:CAPL) Rises By 10.8%

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 65,600 shares, a growth of 10.8% from the March 15th total of 59,200 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 35,300 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On CrossAmerica Partners

Several institutional investors and hedge funds have recently bought and sold shares of CAPL. UBS Group AG raised its stake in shares of CrossAmerica Partners by 33.0% during the first quarter. UBS Group AG now owns 5,758 shares of the oil and gas company's stock valued at $125,000 after acquiring an additional 1,430 shares during the last quarter. Bank of America Corp DE grew its position in shares of CrossAmerica Partners by 226.9% in the 4th quarter. Bank of America Corp DE now owns 8,774 shares of the oil and gas company's stock worth $174,000 after buying an additional 6,090 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in shares of CrossAmerica Partners by 37.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 9,371 shares of the oil and gas company's stock valued at $185,000 after buying an additional 2,559 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners during the third quarter valued at approximately $205,000. Finally, Private Advisor Group LLC purchased a new stake in CrossAmerica Partners in the first quarter worth $250,000. 24.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, TheStreet lowered CrossAmerica Partners from a "b-" rating to a "c+" rating in a report on Tuesday, February 27th.

CrossAmerica Partners Price Performance

Shares of NYSE:CAPL traded down $0.40 during trading on Monday, reaching $22.09. The company had a trading volume of 29,957 shares, compared to its average volume of 37,005. CrossAmerica Partners has a 12 month low of $17.91 and a 12 month high of $24.19. The company has a current ratio of 0.67, a quick ratio of 0.35 and a debt-to-equity ratio of 250.71. The stock has a market capitalization of $838.98 million, a P/E ratio of 21.42 and a beta of 1.53. The company has a fifty day moving average of $22.26 and a two-hundred day moving average of $22.41.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last released its earnings results on Monday, February 26th. The oil and gas company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.20. CrossAmerica Partners had a return on equity of 197.82% and a net margin of 0.93%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.11 billion. Equities research analysts forecast that CrossAmerica Partners will post 0.95 earnings per share for the current year.

CrossAmerica Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 2nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date of this dividend was Thursday, February 1st. CrossAmerica Partners's dividend payout ratio (DPR) is presently 200.00%.

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.