Capital Product Partners L.P. (NASDAQ:CPLP) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.75.

A number of research analysts recently issued reports on the stock. UBS AG reiterated a “neutral” rating and issued a $4.00 target price (down from $4.50) on shares of Capital Product Partners L.P. in a research note on Thursday, August 3rd. BidaskClub lowered shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Capital Product Partners L.P. from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. TheStreet upgraded shares of Capital Product Partners L.P. from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research lowered shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th.

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp grew its stake in Capital Product Partners L.P. by 31.4% in the 1st quarter. Stifel Financial Corp now owns 28,050 shares of the shipping company’s stock valued at $100,000 after buying an additional 6,696 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX acquired a new stake in Capital Product Partners L.P. in the 2nd quarter worth $106,000. Russell Investments Group Ltd. acquired a new stake in Capital Product Partners L.P. in the 2nd quarter worth $111,000. Citadel Advisors LLC grew its position in Capital Product Partners L.P. by 60.6% in the 2nd quarter. Citadel Advisors LLC now owns 43,243 shares of the shipping company’s stock worth $147,000 after purchasing an additional 16,318 shares during the last quarter. Finally, Sanders Morris Harris LLC grew its position in Capital Product Partners L.P. by 74.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 46,700 shares of the shipping company’s stock worth $159,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 18.20% of the company’s stock.

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Capital Product Partners L.P. (NASDAQ:CPLP) last released its quarterly earnings results on Friday, October 27th. The shipping company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Capital Product Partners L.P. had a net margin of 17.17% and a return on equity of 4.70%. The business had revenue of $62.68 million for the quarter, compared to the consensus estimate of $59.71 million.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, November 3rd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 9.36%. Capital Product Partners L.P.’s payout ratio is presently 114.29%.

About Capital Product Partners L.P.

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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