Capital Product Partners L.P. (NASDAQ:CPLP) has earned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $6.67.

CPLP has been the topic of several recent research reports. Zacks Investment Research raised shares of Capital Product Partners L.P. from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Thursday, November 3rd. Jefferies Group reaffirmed a “buy” rating on shares of Capital Product Partners L.P. in a research note on Monday, August 29th. Finally, Deutsche Bank AG increased their price objective on shares of Capital Product Partners L.P. from $2.50 to $4.00 and gave the company a “hold” rating in a research report on Monday, August 1st.

Shares of Capital Product Partners L.P. (NASDAQ:CPLP) opened at 2.96 on Thursday. The firm has a 50-day moving average of $3.11 and a 200 day moving average of $3.17. Capital Product Partners L.P. has a 52 week low of $2.41 and a 52 week high of $6.79. The firm has a market capitalization of $357.88 million, a P/E ratio of 8.46 and a beta of 1.56.

Capital Product Partners L.P. (NASDAQ:CPLP) last announced its earnings results on Monday, October 31st. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.01. The company had revenue of $60.30 million for the quarter, compared to analysts’ expectations of $58.18 million. On average, equities research analysts expect that Capital Product Partners L.P. will post $0.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date was Thursday, November 3rd.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC increased its position in Capital Product Partners L.P. by 45.2% in the second quarter. Global X Management Co. LLC now owns 2,186,581 shares of the company’s stock worth $6,516,000 after buying an additional 680,706 shares during the period. Teachers Advisors Inc. increased its position in Capital Product Partners L.P. by 0.7% in the second quarter. Teachers Advisors Inc. now owns 1,571,400 shares of the company’s stock worth $4,683,000 after buying an additional 10,700 shares during the period. UBS Group AG increased its position in Capital Product Partners L.P. by 52.0% in the first quarter. UBS Group AG now owns 1,301,664 shares of the company’s stock worth $4,114,000 after buying an additional 445,034 shares during the period. Aristotle Capital Boston LLC increased its position in Capital Product Partners L.P. by 3.9% in the second quarter. Aristotle Capital Boston LLC now owns 616,546 shares of the company’s stock worth $1,837,000 after buying an additional 23,236 shares during the period. Finally, Eagle Boston Investment Management Inc. increased its position in Capital Product Partners L.P. by 0.8% in the second quarter. Eagle Boston Investment Management Inc. now owns 500,175 shares of the company’s stock worth $1,490,000 after buying an additional 4,060 shares during the period.

About Capital Product Partners L.P.

Capital Product Partners L.P. is an international owner of modern tanker, container and drybulk vessels. The Partnership owns approximately 35 vessels, including twenty modern Medium Range (MR) product tankers, four Suezmax crude oil tankers, 10 post panamax container vessels and one Capesize bulk carrier.

5 Day Chart for NASDAQ:CPLP

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