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

CrossAmerica Partners LP (NYSE:CAPL) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 117,800 shares, a drop of 14.3% from the January 15th total of 137,500 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is presently 3.2 days. Currently, 0.7% of the company’s shares are short sold.

CrossAmerica Partners Price Performance

Shares of CAPL stock opened at $22.72 on Tuesday. The stock’s fifty day moving average price is $22.21 and its 200 day moving average price is $21.14. CrossAmerica Partners has a 1-year low of $18.43 and a 1-year high of $23.60. The company has a market cap of $864.50 million, a price-to-earnings ratio of 43.69 and a beta of 1.47.

CrossAmerica Partners Dividend Announcement

The business also recently disclosed 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 was Monday, February 3rd. This represents a $2.10 annualized dividend and a dividend yield of 9.24%. CrossAmerica Partners’s dividend payout ratio (DPR) is currently 403.85%.

Hedge Funds Weigh In On CrossAmerica Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in CrossAmerica Partners by 8.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 361,231 shares of the oil and gas company’s stock valued at $7,485,000 after purchasing an additional 28,991 shares in the last quarter. Franklin Resources Inc. purchased a new position in CrossAmerica Partners in the 3rd quarter worth $279,000. Sanctuary Advisors LLC lifted its position in CrossAmerica Partners by 5.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock worth $377,000 after acquiring an additional 1,000 shares during the period. Thrivent Financial for Lutherans grew its stake in CrossAmerica Partners by 18.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 4,267 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of CrossAmerica Partners by 27.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,951 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 6,259 shares during the period. 24.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.