Capital Product Partners L.P. (NASDAQ:CPLP)’s share price rose 2.3% during trading on Thursday . The company traded as high as $4.05 and last traded at $3.95, with a volume of 1,777,301 shares. The stock had previously closed at $3.86.

CPLP has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Evercore ISI downgraded shares of Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.42.

The stock’s 50-day moving average is $3.10 and its 200-day moving average is $3.29. The company has a market cap of $472.26 million and a PE ratio of 10.88.

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

A hedge fund recently raised its stake in Capital Product Partners L.P. stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Capital Product Partners L.P. (NASDAQ:CPLP) by 508.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 205,505 shares of the company’s stock after buying an additional 171,710 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.17% of Capital Product Partners L.P. worth $1,134,000 at the end of the most recent 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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