Capital Product Partners L.P. (CPLP) Sees Unusually-High Trading Volume
Capital Product Partners L.P. (NASDAQ:CPLP) shares saw unusually-strong trading volume on Friday . Approximately 3,041,095 shares changed hands during trading, an increase of 187% from the previous session’s volume of 1,061,427 shares.The stock last traded at $3.56 and had previously closed at $3.52.
Several research analysts have commented on CPLP shares. 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. Jefferies Group reaffirmed a “buy” rating on shares of Capital Product Partners L.P. in a research report on Tuesday, August 23rd. Finally, Deutsche Bank AG lifted their price target 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Capital Product Partners L.P. currently has an average rating of “Hold” and an average target price of $8.42.
The firm’s 50 day moving average price is $3.61 and its 200-day moving average price is $3.19. The firm has a market cap of $428.66 million and a PE ratio of 9.67.
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, meeting analysts’ consensus estimates of $0.10. The business earned $60.90 million during the quarter, compared to analysts’ expectations of $60.89 million. Analysts anticipate that Capital Product Partners L.P. will post $0.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date was Wednesday, August 3rd.
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.