GSA Capital Partners LLP Lowers Stock Position in CrossAmerica Partners LP (NYSE:CAPL)

GSA Capital Partners LLP cut its position in shares of CrossAmerica Partners LP (NYSE:CAPL) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,328 shares of the oil and gas company’s stock after selling 2,430 shares during the quarter. GSA Capital Partners LLP’s holdings in CrossAmerica Partners were worth $753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of CrossAmerica Partners during the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its position in shares of CrossAmerica Partners by 376.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock valued at $51,000 after acquiring an additional 2,000 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in CrossAmerica Partners during the first quarter worth $205,000. IFG Advisory LLC purchased a new position in CrossAmerica Partners in the second quarter worth $332,000. Finally, Sanctuary Advisors LLC bought a new position in CrossAmerica Partners in the 2nd quarter valued at $348,000. 24.06% of the stock is currently owned by hedge funds and other institutional investors.

CrossAmerica Partners Stock Up 0.0 %

CAPL opened at $20.15 on Monday. CrossAmerica Partners LP has a twelve month low of $18.43 and a twelve month high of $24.19. The company’s 50-day moving average price is $20.98 and its two-hundred day moving average price is $20.35. The stock has a market cap of $766.65 million, a price-to-earnings ratio of 38.75 and a beta of 1.50.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.28 billion. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, sell-side analysts anticipate 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 Wednesday, November 13th. Investors of record on Monday, November 4th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date of this dividend was Monday, November 4th. CrossAmerica Partners’s dividend payout ratio is currently 403.85%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday.

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.