Sunbelt Securities Inc. purchased a new stake in Capital Product Partners L.P. (NASDAQ:CPLP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,933 shares of the shipping company’s stock, valued at approximately $160,000.

A number of other institutional investors have also recently bought and sold shares of CPLP. Bank of America Corp DE increased its position in Capital Product Partners by 432.1% in the second quarter. Bank of America Corp DE now owns 345,873 shares of the shipping company’s stock worth $3,631,000 after purchasing an additional 280,873 shares during the period. Morgan Stanley lifted its position in Capital Product Partners by 386.2% during the 2nd quarter. Morgan Stanley now owns 242,365 shares of the shipping company’s stock valued at $2,544,000 after purchasing an additional 192,516 shares during the period. Russell Investments Group Ltd. lifted its position in Capital Product Partners by 1,045.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 109,194 shares of the shipping company’s stock valued at $1,147,000 after purchasing an additional 99,665 shares during the period. BlackRock Inc. boosted its stake in shares of Capital Product Partners by 2,993.7% in the 2nd quarter. BlackRock Inc. now owns 74,743 shares of the shipping company’s stock valued at $785,000 after purchasing an additional 72,327 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in shares of Capital Product Partners by 6.2% in the 3rd quarter. Donald Smith & CO. Inc. now owns 718,620 shares of the shipping company’s stock valued at $7,689,000 after purchasing an additional 42,138 shares during the last quarter. Institutional investors and hedge funds own 20.07% of the company’s stock.

A number of research firms recently weighed in on CPLP. TheStreet raised shares of Capital Product Partners from a “d+” rating to a “c-” rating in a research note on Monday, October 14th. Zacks Investment Research lowered shares of Capital Product Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 19th. Finally, ValuEngine raised shares of Capital Product Partners from a “sell” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Capital Product Partners has an average rating of “Hold” and an average price target of $15.67.

NASDAQ:CPLP opened at $11.63 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. Capital Product Partners L.P. has a 12-month low of $9.68 and a 12-month high of $17.64. The stock’s fifty day simple moving average is $11.65 and its 200-day simple moving average is $10.89. The firm has a market capitalization of $209.77 million, a P/E ratio of 10.69 and a beta of 1.07.

Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). Capital Product Partners had a negative net margin of 73.89% and a positive return on equity of 6.40%. The company had revenue of $25.71 million during the quarter, compared to the consensus estimate of $26.22 million. As a group, equities research analysts expect that Capital Product Partners L.P. will post 0.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date of this dividend was Thursday, October 31st. Capital Product Partners’s dividend payout ratio (DPR) is currently 128.57%.

Capital Product Partners Profile

Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products and chemicals. The company fleet consists of vessels, suezmax crude oil tankers, medium range tankers, and capesize bulk carrier. Capital Product Partners was founded on January 16, 2007 and is headquartered in Piraeus, Greece.

Further Reading: Profit Margin

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Institutional Ownership by Quarter for Capital Product Partners (NASDAQ:CPLP)

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