Partnervest Advisory Services LLC increased its stake in Capital Product Partners L.P. (NASDAQ:CPLP) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 132,836 shares of the shipping company’s stock after buying an additional 635 shares during the period. Partnervest Advisory Services LLC’s holdings in Capital Product Partners L.P. were worth $452,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in Capital Product Partners L.P. by 31.4% in the first quarter. Stifel Financial Corp now owns 28,050 shares of the shipping company’s stock valued at $100,000 after buying an additional 6,696 shares during the period. Russell Investments Group Ltd. bought a new position in Capital Product Partners L.P. during the second quarter valued at approximately $111,000. Nine Chapters Capital Management LLC bought a new position in Capital Product Partners L.P. during the first quarter valued at approximately $117,000. Sanders Morris Harris LLC raised its position in Capital Product Partners L.P. by 74.9% in the second quarter. Sanders Morris Harris LLC now owns 46,700 shares of the shipping company’s stock valued at $159,000 after buying an additional 20,000 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Capital Product Partners L.P. during the first quarter valued at approximately $220,000. 18.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Capital Product Partners L.P. (NASDAQ CPLP) opened at 3.525 on Thursday. The stock has a market capitalization of $435.80 million, a P/E ratio of 12.031 and a beta of 1.63. Capital Product Partners L.P. has a 12-month low of $2.73 and a 12-month high of $4.00. The firm’s 50-day moving average price is $3.66 and its 200 day moving average price is $3.48.

Capital Product Partners L.P. (NASDAQ:CPLP) last announced its earnings results on Friday, July 28th. The shipping company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. Capital Product Partners L.P. had a net margin of 18.20% and a return on equity of 4.95%. The business had revenue of $62.06 million for the quarter, compared to the consensus estimate of $59.47 million. Analysts predict that Capital Product Partners L.P. will post $0.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, August 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.32 annualized dividend and a yield of 9.08%. Capital Product Partners L.P.’s payout ratio is 106.67%.

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CPLP has been the topic of several recent research reports. UBS AG reissued a “buy” rating and set a $4.50 price target on shares of Capital Product Partners L.P. in a research report on Thursday, July 6th. TheStreet lowered Capital Product Partners L.P. from a “b-” rating to a “c” rating in a research report on Wednesday, May 24th. Finally, BidaskClub lowered Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Capital Product Partners L.P. presently has a consensus rating of “Hold” and a consensus target price of $4.40.

About Capital Product Partners L.P.

Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.

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Institutional Ownership by Quarter for Capital Product Partners L.P. (NASDAQ:CPLP)

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