Capital Product Partners L.P. (NASDAQ:CPLP) traded down 2.8% during trading on Wednesday . The company traded as low as $3.75 and last traded at $3.81, with a volume of 1,028,845 shares changing hands. The stock had previously closed at $3.92.

Several equities research analysts have commented on the company. Evercore ISI lowered Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Zacks Investment Research upgraded Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Capital Product Partners L.P. presently has an average rating of “Hold” and a consensus target price of $9.42.

The firm has a market capitalization of $461.50 million and a price-to-earnings ratio of 10.63. The firm has a 50-day moving average of $3.04 and a 200 day moving average of $3.28.

Capital Product Partners L.P. (NASDAQ:CPLP) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The business earned $58 million during the quarter, compared to analysts’ expectations of $60.51 million. On average, analysts anticipate that Capital Product Partners L.P. will post $0.38 earnings per share for the current year.

A number of large investors have recently bought and sold shares of CPLP. 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 worth $8,756,000 after buying an additional 35,801 shares during the period. Penserra Capital Management LLC purchased a new stake in Capital Product Partners L.P. during the fourth quarter worth about $5,767,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake 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.

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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