Capital Product Partners L.P. (NASDAQ:CPLP) was the target of a large decline in short interest in September. As of September 28th, there was short interest totalling 660,626 shares, a decline of 25.9% from the September 14th total of 891,901 shares. Based on an average daily volume of 529,012 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.7% of the shares of the stock are sold short.

Several institutional investors have recently bought and sold shares of CPLP. Renaissance Technologies LLC bought a new stake in shares of Capital Product Partners in the 2nd quarter worth about $2,259,000. Aristotle Capital Boston LLC grew its holdings in Capital Product Partners by 14.9% during the 2nd quarter. Aristotle Capital Boston LLC now owns 1,174,078 shares of the shipping company’s stock valued at $3,593,000 after purchasing an additional 152,245 shares during the last quarter. Sei Investments Co. grew its holdings in Capital Product Partners by 113.5% during the 1st quarter. Sei Investments Co. now owns 249,490 shares of the shipping company’s stock valued at $778,000 after purchasing an additional 132,608 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Capital Product Partners during the 1st quarter valued at about $346,000. Finally, Goodman Financial Corp grew its holdings in Capital Product Partners by 12.5% during the 2nd quarter. Goodman Financial Corp now owns 926,840 shares of the shipping company’s stock valued at $2,836,000 after purchasing an additional 102,795 shares during the last quarter. Hedge funds and other institutional investors own 17.90% of the company’s stock.

Several brokerages have commented on CPLP. BidaskClub cut shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Janney Montgomery Scott downgraded shares of 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. Zacks Investment Research downgraded shares of Capital Product Partners from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, ValuEngine upgraded shares of Capital Product Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.25.

Capital Product Partners stock opened at $2.76 on Friday. Capital Product Partners has a twelve month low of $2.69 and a twelve month high of $3.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.38 and a current ratio of 0.46. The stock has a market capitalization of $360.52 million, a PE ratio of 11.04 and a beta of 1.24.

Capital Product Partners (NASDAQ:CPLP) last posted its earnings results on Friday, July 27th. The shipping company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Capital Product Partners had a return on equity of 2.90% and a net margin of 8.86%. The business had revenue of $65.54 million during the quarter, compared to the consensus estimate of $59.82 million. On average, equities analysts forecast that Capital Product Partners will post 0.13 earnings per share for the current fiscal year.

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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