Capital Product Partners L.P. (NASDAQ:CPLP) shares shot up 6.3% during trading on Monday . The stock traded as high as $3.27 and last traded at $3.23. 636,635 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 524,812 shares. The stock had previously closed at $3.04.

Several brokerages recently commented on CPLP. ValuEngine cut Capital Product Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Capital Product Partners from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub raised Capital Product Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. TheStreet cut Capital Product Partners from a “b-” rating to a “c” rating in a research report on Friday, February 2nd. Finally, Jefferies Group began coverage on Capital Product Partners in a research report on Monday, December 18th. They issued a “buy” rating and a $5.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Capital Product Partners presently has an average rating of “Hold” and a consensus target price of $4.50.

The company has a market cap of $436.30, a PE ratio of 14.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.81.

Capital Product Partners (NASDAQ:CPLP) last issued its earnings results on Wednesday, January 31st. The shipping company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $64.11 million during the quarter, compared to analysts’ expectations of $59.70 million. Capital Product Partners had a return on equity of 4.17% and a net margin of 14.31%. analysts anticipate that Capital Product Partners L.P. will post 0.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Saturday, February 3rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.91%. Capital Product Partners’s payout ratio is presently 145.45%.

Hedge funds and other institutional investors have recently modified their holdings of the business. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Capital Product Partners during the fourth quarter valued at $127,000. Citadel Advisors LLC lifted its holdings in shares of Capital Product Partners by 60.6% during the second quarter. Citadel Advisors LLC now owns 43,243 shares of the shipping company’s stock valued at $147,000 after acquiring an additional 16,318 shares during the period. Virtu Financial LLC bought a new position in shares of Capital Product Partners during the fourth quarter valued at $182,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Capital Product Partners by 0.8% during 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 acquiring an additional 523 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Capital Product Partners by 6.8% during the second quarter. Wells Fargo & Company MN now owns 100,914 shares of the shipping company’s stock valued at $343,000 after acquiring an additional 6,450 shares during the period. 18.55% of the stock is owned by institutional investors.

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Capital Product Partners 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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