Global X MANAGEMENT CO LLC Acquires 10,312 Shares of CrossAmerica Partners LP (CAPL)

Global X MANAGEMENT CO LLC raised its holdings in shares of CrossAmerica Partners LP (NYSE:CAPL) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,664 shares of the oil and gas company’s stock after purchasing an additional 10,312 shares during the period. Global X MANAGEMENT CO LLC owned about 0.91% of CrossAmerica Partners worth $8,411,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CAPL. Northwestern Mutual Investment Management Company LLC bought a new stake in CrossAmerica Partners during the second quarter valued at $3,365,000. Welch Capital Partners LLC NY boosted its holdings in shares of CrossAmerica Partners by 67.5% during the second quarter. Welch Capital Partners LLC NY now owns 99,871 shares of the oil and gas company’s stock valued at $2,547,000 after acquiring an additional 40,246 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of CrossAmerica Partners by 12.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 308,286 shares of the oil and gas company’s stock valued at $7,861,000 after acquiring an additional 35,106 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of CrossAmerica Partners by 2.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,089,908 shares of the oil and gas company’s stock valued at $27,793,000 after acquiring an additional 30,751 shares during the period. Finally, Arrow Investment Advisors LLC acquired a new position in shares of CrossAmerica Partners during the second quarter valued at $705,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.



Shares of CrossAmerica Partners LP (CAPL) traded up $0.22 during midday trading on Friday, reaching $25.15. 36,800 shares of the company’s stock were exchanged, compared to its average volume of 48,592. CrossAmerica Partners LP has a 52 week low of $23.26 and a 52 week high of $29.80. The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 2.69. The firm has a market cap of $854.72, a P/E ratio of 114.32 and a beta of 1.32.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be issued a $0.6275 dividend. This represents a $2.51 dividend on an annualized basis and a yield of 9.98%. This is an increase from CrossAmerica Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, November 3rd. CrossAmerica Partners’s dividend payout ratio is presently -25,100,000.00%.

In related news, Director Joseph V. Jr. Topper acquired 6,300 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were purchased at an average price of $26.48 per share, for a total transaction of $166,824.00. Following the acquisition, the director now owns 163,544 shares in the company, valued at $4,330,645.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph V. Jr. Topper acquired 2,363 shares of the business’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of $26.26 per share, for a total transaction of $62,052.38. Following the acquisition, the director now owns 163,544 shares in the company, valued at approximately $4,294,665.44. The disclosure for this purchase can be found here. Insiders acquired a total of 69,133 shares of company stock valued at $1,876,511 over the last three months.

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Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday. BidaskClub downgraded shares of CrossAmerica Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Raymond James Financial, Inc. boosted their price target on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Bank of America Corporation downgraded shares of CrossAmerica Partners from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $28.00 to $30.00 in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.20.

About CrossAmerica Partners

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

Institutional Ownership by Quarter for CrossAmerica Partners (NYSE:CAPL)

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