Capital Product Partners L.P. (CPLP) Sees Strong Trading Volume
Capital Product Partners L.P. (NASDAQ:CPLP) saw unusually-strong trading volume on Friday . Approximately 1,661,471 shares were traded during trading, an increase of 99% from the previous session’s volume of 833,569 shares.The stock last traded at $3.65 and had previously closed at $3.65.
A number of analysts recently commented on CPLP shares. Jefferies Group reaffirmed a “buy” rating on shares of Capital Product Partners L.P. in a research report on Monday, August 1st. Zacks Investment Research raised Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Evercore ISI downgraded Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Finally, Deutsche Bank AG raised their target price on Capital Product Partners L.P. from $2.50 to $4.00 and gave the stock a “hold” rating in a research report on Monday, August 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $8.42.
The company has a 50-day moving average price of $3.42 and a 200-day moving average price of $3.19. The company has a market capitalization of $447.92 million and a PE ratio of 10.11.
Capital Product Partners L.P. (NASDAQ:CPLP) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company earned $60.90 million during the quarter, compared to the consensus estimate of $60.89 million. On average, equities research analysts anticipate that Capital Product Partners L.P. will post $0.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were given a $0.075 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.06%.
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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