TheStreet upgraded shares of Capital Product Partners L.P. (NASDAQ:CPLP) from a c rating to a b- rating in a research note released on Thursday.

A number of other research analysts have also recently issued reports on CPLP. UBS AG reissued a buy rating and issued a $4.50 target price on shares of Capital Product Partners L.P. in a research note on Thursday, July 6th. BidaskClub cut Capital Product Partners L.P. from a hold rating to a sell rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $4.40.

Capital Product Partners L.P. (NASDAQ CPLP) opened at 3.49 on Thursday. Capital Product Partners L.P. has a 52-week low of $2.73 and a 52-week high of $4.00.

Capital Product Partners L.P. (NASDAQ:CPLP) last posted its earnings results on Friday, July 28th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. Capital Product Partners L.P. had a net margin of 18.20% and a return on equity of 4.95%. The business had revenue of $62.06 million during the quarter, compared to analyst estimates of $59.47 million. Equities research analysts predict that Capital Product Partners L.P. will post $0.27 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.32 annualized dividend and a dividend yield of 9.17%. Capital Product Partners L.P.’s dividend payout ratio is currently 106.67%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its position in Capital Product Partners L.P. by 354.2% in the second quarter. Susquehanna International Group LLP now owns 146,220 shares of the shipping company’s stock valued at $497,000 after buying an additional 114,028 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Capital Product Partners L.P. by 0.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 66,107 shares of the shipping company’s stock valued at $225,000 after buying an additional 523 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Capital Product Partners L.P. during the second quarter valued at $3,202,000. Citadel Advisors LLC boosted its position in Capital Product Partners L.P. by 60.6% in the second quarter. Citadel Advisors LLC now owns 43,243 shares of the shipping company’s stock valued at $147,000 after buying an additional 16,318 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in Capital Product Partners L.P. during the second quarter valued at $237,000. 18.72% of the stock is owned by institutional investors.

Capital Product Partners L.P. Company Profile

Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.

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