Capital Product Partners L.P. (NASDAQ:CPLP) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,126,324 shares, an increase of 43.9% from the December 14th total of 782,594 shares. Based on an average trading volume of 843,650 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the shares of the stock are short sold.

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in shares of Capital Product Partners during the 2nd quarter worth approximately $2,259,000. Russell Investments Group Ltd. bought a new stake in shares of Capital Product Partners during the 3rd quarter worth approximately $185,000. Goodman Financial Corp lifted its holdings in shares of Capital Product Partners by 2.2% during the 3rd quarter. Goodman Financial Corp now owns 947,442 shares of the shipping company’s stock worth $2,634,000 after acquiring an additional 20,602 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Capital Product Partners by 19.9% during the 3rd 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 period. Finally, Eagle Boston Investment Management Inc. lifted its stake in Capital Product Partners by 3.3% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 567,672 shares of the shipping company’s stock valued at $1,578,000 after purchasing an additional 18,247 shares during the last quarter. 16.84% of the stock is owned by institutional investors and hedge funds.

Shares of Capital Product Partners stock opened at $2.29 on Wednesday. Capital Product Partners has a 1-year low of $2.05 and a 1-year high of $3.60. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 0.46. The company has a market cap of $302.17 million, a PE ratio of 9.16 and a beta of 1.05.

Capital Product Partners (NASDAQ:CPLP) last issued its quarterly earnings data on Wednesday, October 31st. The shipping company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The company had revenue of $58.74 million during the quarter, compared to the consensus estimate of $57.17 million. Capital Product Partners had a negative net margin of 3.33% and a positive return on equity of 2.61%. On average, research analysts forecast that Capital Product Partners will post 0.16 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Capital Product Partners from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. BidaskClub raised shares of Capital Product Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. ValuEngine raised shares of Capital Product Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. TheStreet downgraded shares of Capital Product Partners from a “c” rating to a “d+” rating in a report on Wednesday, October 31st. Finally, Wells Fargo & Co downgraded shares of Capital Product Partners from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $4.00 to $3.00 in a report on Thursday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Capital Product Partners has an average rating of “Hold” and an average price target of $3.08.

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Capital Product Partners Company Profile

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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