Shares of Capital Product Partners L.P. (NASDAQ:CPLP) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.25.

Several analysts recently commented on the company. Wells Fargo & Co reiterated a “hold” rating on shares of Capital Product Partners in a research report on Tuesday, May 21st. B. Riley set a $14.00 price target on Capital Product Partners and gave the stock a “buy” rating in a research report on Tuesday, May 14th. ValuEngine cut Capital Product Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded Capital Product Partners from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, April 3rd. Finally, BidaskClub cut Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 12th.

Several institutional investors have recently made changes to their positions in CPLP. JPMorgan Chase & Co. lifted its stake in shares of Capital Product Partners by 19.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,382,108 shares of the shipping company’s stock valued at $3,843,000 after purchasing an additional 229,516 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Capital Product Partners in the 4th quarter valued at $90,000. Arrow Investment Advisors LLC lifted its stake in shares of Capital Product Partners by 11.7% in the 4th quarter. Arrow Investment Advisors LLC now owns 176,400 shares of the shipping company’s stock valued at $369,000 after purchasing an additional 18,433 shares during the last quarter. Goodman Financial Corp lifted its stake in shares of Capital Product Partners by 1.7% in the 4th quarter. Goodman Financial Corp now owns 963,964 shares of the shipping company’s stock valued at $2,015,000 after purchasing an additional 16,522 shares during the last quarter. Finally, Group One Trading L.P. acquired a new position in shares of Capital Product Partners in the 4th quarter valued at $25,000. 28.97% of the stock is currently owned by institutional investors and hedge funds.

Capital Product Partners stock opened at $10.08 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.20 and a quick ratio of 1.18. Capital Product Partners has a 12 month low of $9.68 and a 12 month high of $22.57. The company has a market capitalization of $186.80 million, a PE ratio of 10.29 and a beta of 0.98.

Capital Product Partners (NASDAQ:CPLP) last issued its quarterly earnings results on Monday, May 13th. The shipping company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.41). Capital Product Partners had a positive return on equity of 4.19% and a negative net margin of 59.95%. The firm had revenue of $26.28 million for the quarter, compared to analysts’ expectations of $57.93 million. As a group, equities analysts predict that Capital Product Partners will post 1.13 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, May 13th were paid a $0.315 dividend. The ex-dividend date was Friday, May 10th. Capital Product Partners’s dividend payout ratio (DPR) is presently 128.57%.

Capital Product Partners Company Profile

Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products and chemicals. The company fleet consists of vessels, suezmax crude oil tankers, medium range tankers, and capesize bulk carrier. Capital Product Partners was founded on January 16, 2007 and is headquartered in Piraeus, Greece.

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