CrossAmerica Partners LP (NYSE:CAPL) Director Joseph V. Jr. Topper Buys 13,539 Shares

CrossAmerica Partners LP (NYSE:CAPL – Get Rating) Director Joseph V. Jr. Topper acquired 13,539 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average cost of $18.38 per share, with a total value of $248,846.82. Following the acquisition, the director now directly owns 83,695 shares of the company’s stock, valued at $1,538,314.10. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

CrossAmerica Partners Stock Performance

NYSE:CAPL opened at $18.16 on Friday. The stock has a 50-day simple moving average of $20.57 and a two-hundred day simple moving average of $20.75. CrossAmerica Partners LP has a 52-week low of $17.91 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 26.95, a quick ratio of 0.40 and a current ratio of 0.71. The firm has a market capitalization of $689.17 million, a PE ratio of 12.52 and a beta of 1.70.

CrossAmerica Partners (NYSE:CAPL – Get Rating) last released its quarterly earnings results on Monday, February 27th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.26. CrossAmerica Partners had a return on equity of 106.25% and a net margin of 1.14%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $725.28 million. Analysts forecast that CrossAmerica Partners LP will post 0.54 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Stockholders of record on Wednesday, May 3rd were given a $0.525 dividend. The ex-dividend date was Tuesday, May 2nd. This represents a $2.10 annualized dividend and a dividend yield of 11.56%. CrossAmerica Partners’s payout ratio is 144.83%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TheStreet lowered CrossAmerica Partners from a “b-” rating to a “c+” rating in a report on Wednesday. StockNews.com assumed coverage on CrossAmerica Partners in a report on Thursday, May 18th. They issued a “buy” rating for the company.

Hedge Funds Weigh In On CrossAmerica Partners

Several large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CrossAmerica Partners by 4.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 713,497 shares of the oil and gas company’s stock valued at $14,149,000 after acquiring an additional 28,040 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of CrossAmerica Partners by 4.3% in the fourth quarter. Clearbridge Investments LLC now owns 699,335 shares of the oil and gas company’s stock valued at $13,868,000 after acquiring an additional 28,800 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of CrossAmerica Partners by 3,387,158.3% in the fourth quarter. JPMorgan Chase & Co. now owns 406,471 shares of the oil and gas company’s stock valued at $8,060,000 after acquiring an additional 406,459 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CrossAmerica Partners by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 313,052 shares of the oil and gas company’s stock worth $6,827,000 after buying an additional 68,459 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of CrossAmerica Partners by 22.3% in the fourth quarter. First Trust Advisors LP now owns 254,943 shares of the oil and gas company’s stock worth $5,056,000 after buying an additional 46,537 shares in the last quarter. 23.05% of the stock is currently owned by hedge funds and other institutional investors.

About CrossAmerica Partners

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CrossAmerica Partners LP engages in the business of wholesaling distribution of motor fuel, convenience store operation, and the ownership and leasing of real estate used in the retail distribution of motor fuel. It operates under the Wholesale and Retail segments. The Wholesale segment focuses on providing wholesale distribution services to lessee dealers and independent dealers.