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

A number of research analysts have weighed in on CPLP shares. Evercore ISI cut shares of Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Zacks Investment Research raised shares of Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.42.

The firm has a 50 day moving average price of $3.10 and a 200-day moving average price of $3.29. The firm has a market capitalization of $472.26 million and a P/E ratio of 10.88.

Capital Product Partners L.P. (NASDAQ:CPLP) last announced its quarterly earnings data 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 business earned $58 million during the quarter, compared to the consensus estimate of $60.51 million. On average, equities research analysts anticipate 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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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