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

Several analysts have commented on the stock. Jefferies Group reissued a “buy” rating on shares of Capital Product Partners L.P. in a research report on Monday. Deutsche Bank AG boosted their target price on shares of Capital Product Partners L.P. from $2.50 to $4.00 and gave the stock a “hold” rating in a research report on Monday. 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. Finally, 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 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. The company currently has a consensus rating of “Hold” and a consensus target price of $8.42.

The firm’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.22. The company has a market capitalization of $418.46 million and a PE ratio of 9.51.

Capital Product Partners L.P. (NASDAQ:CPLP) last announced its earnings results on Friday, July 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $60.90 million for the quarter, compared to analyst estimates of $60.89 million. On average, analysts predict that Capital Product Partners L.P. will post $0.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $0.30 annualized dividend and a yield of 8.52%.

An institutional investor recently raised its position in Capital Product Partners L.P. stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in 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. 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 as of its most recent filing with the SEC.

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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