Capital Product Partners L.P. (NASDAQ:CPLP) shares were down 2.4% on Wednesday . The company traded as low as $2.77 and last traded at $2.80, with a volume of 700,555 shares trading hands. The stock had previously closed at $2.87.

A number of research analysts have weighed in on CPLP shares. Deutsche Bank AG restated a “hold” rating on shares of Capital Product Partners L.P. in a research note on Tuesday, March 8th. Wells Fargo & Co. downgraded Capital Product Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Friday, March 11th. Stifel Nicolaus decreased their price target on Capital Product Partners L.P. from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, March 18th. Clarkson Capital restated a “buy” rating on shares of Capital Product Partners L.P. in a research note on Tuesday, March 15th. Finally, Standpoint Research cut their price objective on Capital Product Partners L.P. from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, March 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.42.

The stock has a market cap of $335.96 million and a price-to-earnings ratio of 7.74. The company’s 50-day moving average price is $2.91 and its 200-day moving average price is $3.41.

Capital Product Partners L.P. (NASDAQ:CPLP) last released its earnings results on Tuesday, April 26th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $58 million for the quarter, compared to the consensus estimate of $60.51 million. Equities analysts forecast that Capital Product Partners L.P. will post $0.39 EPS for the current year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Capital Product Partners L.P. by 508.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 205,505 shares of the company’s stock worth $1,134,000 after buying an additional 171,710 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Capital Product Partners L.P. during the fourth quarter valued at approximately $5,767,000. Finally, First Trust Advisors LP boosted its stake in shares of Capital Product Partners L.P. by 2.3% in the fourth quarter. First Trust Advisors LP now owns 1,586,180 shares of the company’s stock valued at $8,756,000 after buying an additional 35,801 shares during the last quarter.

Capital Product Partners L.P. is an international owner of modern tanker, container and drybulk vessels. The Partnership owns approximately 35 vessels, including twenty modern Medium Range (MR) product tankers, four Suezmax crude oil tankers, 10 post panamax container vessels and one Capesize bulk carrier.

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