Capital Product Partners L.P. (NASDAQ:CPLP) – Stock analysts at B. Riley issued their FY2018 earnings per share (EPS) estimates for shares of Capital Product Partners in a report issued on Tuesday, December 4th. B. Riley analyst L. Burke forecasts that the shipping company will post earnings per share of $0.12 for the year. B. Riley has a “Buy” rating and a $2.75 price target on the stock. B. Riley also issued estimates for Capital Product Partners’ Q4 2018 earnings at $0.06 EPS and FY2019 earnings at $0.21 EPS.

Capital Product Partners (NASDAQ:CPLP) last posted its quarterly earnings results on Wednesday, October 31st. The shipping company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Capital Product Partners had a negative net margin of 3.33% and a positive return on equity of 2.61%. The business had revenue of $58.74 million for the quarter, compared to the consensus estimate of $57.17 million.

CPLP has been the topic of several other reports. ValuEngine cut Capital Product Partners from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. BidaskClub raised Capital Product Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. Janney Montgomery Scott cut Capital Product Partners from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $4.50 to $3.50 in a report on Wednesday, August 29th. TheStreet cut Capital Product Partners from a “c” rating to a “d+” rating in a report on Wednesday, October 31st. Finally, Zacks Investment Research cut Capital Product Partners from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Capital Product Partners has an average rating of “Hold” and an average price target of $3.75.

Shares of CPLP stock opened at $2.46 on Thursday. Capital Product Partners has a 12-month low of $2.24 and a 12-month high of $3.60. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $320.32 million, a PE ratio of 9.84 and a beta of 1.07.

Several hedge funds have recently modified their holdings of the company. Aristotle Capital Boston LLC increased its holdings in shares of Capital Product Partners by 14.1% in the third quarter. Aristotle Capital Boston LLC now owns 1,339,491 shares of the shipping company’s stock worth $3,724,000 after purchasing an additional 165,413 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Capital Product Partners by 19.9% during the third quarter. JPMorgan Chase & Co. now owns 1,382,108 shares of the shipping company’s stock worth $3,843,000 after acquiring an additional 229,516 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Capital Product Partners during the third quarter worth approximately $5,298,000. Donald Smith & CO. Inc. bought a new stake in Capital Product Partners during the third quarter worth approximately $6,285,000. Finally, Eagle Boston Investment Management Inc. increased its stake in Capital Product Partners by 3.3% during the third quarter. Eagle Boston Investment Management Inc. now owns 567,672 shares of the shipping company’s stock worth $1,578,000 after acquiring an additional 18,247 shares during the last quarter. 16.82% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Monday, November 5th were issued a $0.08 dividend. The ex-dividend date was Friday, November 2nd. This represents a $0.32 annualized dividend and a dividend yield of 13.01%. Capital Product Partners’s dividend payout ratio (DPR) is 128.00%.

About Capital Product Partners

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. It transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel; edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters.

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