Shares of Capital Product Partners L.P. (NASDAQ:CPLP) rose 3% on Friday . The company traded as high as $3.15 and last traded at $3.09, with a volume of 646,904 shares traded. The stock had previously closed at $3.00.

CPLP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Evercore ISI cut shares of Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Capital Product Partners L.P. currently has a consensus rating of “Hold” and an average price target of $9.42.

The stock’s 50-day moving average is $2.99 and its 200-day moving average is $3.31. The company has a market cap of $407.70 million and a price-to-earnings ratio of 9.39.

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 the consensus estimate of $0.10 by $0.02. The firm earned $58 million during the quarter, compared to analyst estimates of $60.51 million. On average, equities analysts forecast that Capital Product Partners L.P. will post $0.39 earnings per share for the current fiscal year.

Other hedge funds have added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of 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 valued at $1,134,000 after buying an additional 171,710 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Capital Product Partners L.P. during the fourth quarter valued at approximately $5,767,000.

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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