Capital Product Partners L.P. (NASDAQ:CPLP)’s share price traded down 4.5% during mid-day trading on Monday . The stock traded as low as $3.60 and last traded at $3.60, with a volume of 701,672 shares changing hands. The stock had previously closed at $3.77.

CPLP has been the topic of several research reports. Zacks Investment Research downgraded shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. 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. Jefferies Group reiterated a “buy” rating on shares of Capital Product Partners L.P. in a report on Monday. Finally, Deutsche Bank AG increased their price target on shares of Capital Product Partners L.P. from $2.50 to $4.00 and gave the stock a “hold” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.42.

The company has a market cap of $432.80 million and a price-to-earnings ratio of 9.97. The company has a 50 day moving average of $3.25 and a 200-day moving average of $3.23.

Capital Product Partners L.P. (NASDAQ:CPLP) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company earned $60.90 million during the quarter, compared to analysts’ expectations of $60.89 million. Equities research analysts forecast that Capital Product Partners L.P. will post $0.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend is Wednesday, August 3rd.

An institutional investor recently raised its position in Capital Product Partners L.P. stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in 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 about 0.17% of Capital Product Partners L.P. worth $1,134,000 at the end of the most recent reporting 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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