Ellsworth Advisors LLC Makes New Investment in CrossAmerica Partners LP $CAPL

Ellsworth Advisors LLC bought a new position in shares of CrossAmerica Partners LP (NYSE:CAPL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,387 shares of the oil and gas company’s stock, valued at approximately $648,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in CrossAmerica Partners during the 1st quarter worth approximately $33,000. Private Advisor Group LLC bought a new stake in CrossAmerica Partners during the 1st quarter worth approximately $205,000. Kestra Private Wealth Services LLC bought a new stake in CrossAmerica Partners during the 1st quarter worth approximately $388,000. Acadian Asset Management LLC bought a new stake in CrossAmerica Partners during the 1st quarter worth approximately $535,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in CrossAmerica Partners by 50.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,596 shares of the oil and gas company’s stock worth $752,000 after acquiring an additional 10,269 shares during the last quarter. 24.06% of the stock is owned by institutional investors.

CrossAmerica Partners Stock Performance

NYSE:CAPL opened at $20.57 on Friday. CrossAmerica Partners LP has a 52 week low of $19.50 and a 52 week high of $25.73. The firm’s fifty day moving average is $20.85 and its 200-day moving average is $22.07. The firm has a market cap of $783.90 million, a P/E ratio of 18.20 and a beta of 0.51.

CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Wednesday, August 6th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.13). CrossAmerica Partners had a net margin of 1.19% and a negative return on equity of 32.78%. The company had revenue of $961.93 million for the quarter, compared to analyst estimates of $793.52 million. As a group, sell-side analysts anticipate that CrossAmerica Partners LP will post 0.42 earnings per share for the current year.

CrossAmerica Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 4th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date was Monday, August 4th. CrossAmerica Partners’s payout ratio is presently 185.84%.

Insiders Place Their Bets

In related news, Director John B. Reilly III bought 2,706 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $20.01 per share, for a total transaction of $54,147.06. Following the transaction, the director directly owned 4,967,317 shares of the company’s stock, valued at approximately $99,396,013.17. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph V. Jr. Topper bought 2,706 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $20.01 per share, for a total transaction of $54,147.06. Following the transaction, the director directly owned 1,857,649 shares in the company, valued at $37,171,556.49. This trade represents a 0.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. 52.00% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a research note on Monday, August 25th.

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.