Capital Product Partners (NASDAQ:CPLP) Stock Price Down 1.2%

Capital Product Partners L.P. (NASDAQ:CPLP)’s stock price fell 1.2% on Friday . The stock traded as low as $16.22 and last traded at $16.22. 668 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 74,070 shares. The stock had previously closed at $16.42.

Analyst Ratings Changes

Separately, StockNews.com cut Capital Product Partners from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Capital Product Partners Stock Performance

The company has a debt-to-equity ratio of 1.48, a current ratio of 1.41 and a quick ratio of 1.20. The stock has a 50-day moving average price of $16.69 and a 200 day moving average price of $17.06. The company has a market cap of $928.86 million, a price-to-earnings ratio of 7.32 and a beta of 0.87.

Capital Product Partners (NASDAQ:CPLP) last announced its earnings results on Friday, August 2nd. The shipping company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.17 by $0.23. The firm had revenue of $97.67 million for the quarter, compared to the consensus estimate of $90.22 million. Capital Product Partners had a net margin of 18.51% and a return on equity of 6.30%. During the same period last year, the company posted $0.36 EPS. As a group, analysts anticipate that Capital Product Partners L.P. will post 1.57 EPS for the current fiscal year.

Capital Product Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Tuesday, August 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Tuesday, August 6th. Capital Product Partners’s payout ratio is presently 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 holdings in Capital Product Partners L.P. (NASDAQ:CPLP) by 18.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,697 shares of the shipping company’s stock after purchasing an additional 28,596 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.91% of Capital Product Partners worth $3,266,000 as of its most recent filing with the Securities and Exchange Commission.

Capital Product Partners Company Profile

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.