Capital Product Partners L.P. (CPLP) Sees Large Volume Increase
Capital Product Partners L.P. (NASDAQ:CPLP) shares saw strong trading volume on Friday . 1,661,471 shares traded hands during mid-day 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 equities research analysts have commented on the stock. Zacks Investment Research cut shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Evercore ISI cut shares of Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Jefferies Group restated a “buy” rating on shares of Capital Product Partners L.P. in a report on Monday, August 1st. Finally, Deutsche Bank AG raised 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, August 1st. Three 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 a consensus price target of $8.42.
The stock has a market cap of $447.92 million and a P/E ratio of 10.11. The firm’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.19.
Capital Product Partners L.P. (NASDAQ:CPLP) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. The firm had revenue of $60.90 million for the quarter, compared to the consensus estimate of $60.89 million. On average, equities research analysts predict that Capital Product Partners L.P. will post $0.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $0.30 dividend on an annualized basis and a 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.