Capital Product Partners (NASDAQ:CPLP) Share Price Crosses Above 200-Day Moving Average of $16.49

Capital Product Partners L.P. (NASDAQ:CPLPGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.49 and traded as high as $17.80. Capital Product Partners shares last traded at $17.46, with a volume of 7,393 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of Capital Product Partners from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Jefferies Financial Group downgraded Capital Product Partners from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $18.00 in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Product Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.67.

Get Our Latest Stock Report on Capital Product Partners

Capital Product Partners Stock Down 1.0 %

The company’s fifty day simple moving average is $16.77 and its 200 day simple moving average is $16.49. The company has a current ratio of 1.41, a quick ratio of 1.20 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $967.11 million, a P/E ratio of 7.62 and a beta of 0.87.

Capital Product Partners (NASDAQ:CPLPGet Free Report) last released its earnings results on Tuesday, April 30th. The shipping company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $100.64 million during the quarter, compared to analysts’ expectations of $101.95 million. Capital Product Partners had a return on equity of 6.30% and a net margin of 18.51%. Research analysts expect that Capital Product Partners L.P. will post 1.58 EPS for the current year.

Capital Product Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Monday, May 6th. Capital Product Partners’s payout ratio is currently 26.20%.

Hedge Funds Weigh In On Capital Product Partners

An institutional investor recently raised its position in Capital Product Partners stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Capital Product Partners L.P. (NASDAQ:CPLPFree Report) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,697 shares of the shipping company’s stock after buying an additional 28,596 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.91% of Capital Product Partners worth $3,266,000 at the end of the most recent reporting period.

Capital Product Partners Company Profile

(Get Free Report)

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters.

See Also

Receive News & Ratings for Capital Product Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Product Partners and related companies with MarketBeat.com's FREE daily email newsletter.