Raymond James Financial Services Advisors Inc. increased its stake in Capital Product Partners L.P. (NASDAQ:CPLP) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,107 shares of the shipping company’s stock after purchasing an additional 523 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Capital Product Partners L.P. were worth $225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new position in Capital Product Partners L.P. during the 2nd quarter valued at about $3,202,000. Renaissance Technologies LLC increased its holdings in Capital Product Partners L.P. by 307.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,117,635 shares of the shipping company’s stock valued at $3,990,000 after acquiring an additional 843,300 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Capital Product Partners L.P. by 97.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,683,908 shares of the shipping company’s stock valued at $6,012,000 after acquiring an additional 831,518 shares in the last quarter. Global X Management Co. LLC increased its holdings in Capital Product Partners L.P. by 22.9% during the 2nd quarter. Global X Management Co. LLC now owns 2,229,685 shares of the shipping company’s stock valued at $7,581,000 after acquiring an additional 414,798 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Capital Product Partners L.P. by 656.6% during the 2nd quarter. Acadian Asset Management LLC now owns 466,013 shares of the shipping company’s stock valued at $1,584,000 after acquiring an additional 404,416 shares in the last quarter. Institutional investors and hedge funds own 18.28% of the company’s stock.

Shares of Capital Product Partners L.P. (NASDAQ:CPLP) opened at $3.26 on Monday. Capital Product Partners L.P. has a 12 month low of $2.80 and a 12 month high of $4.00. The stock has a market cap of $412.25, a PE ratio of 11.64 and a beta of 1.64. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Capital Product Partners L.P. (NASDAQ:CPLP) last released its earnings results on Friday, October 27th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Capital Product Partners L.P. had a net margin of 17.17% and a return on equity of 4.70%. The business had revenue of $62.68 million for the quarter, compared to analysts’ expectations of $59.71 million. sell-side analysts predict that Capital Product Partners L.P. will post 0.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, November 3rd will be given a $0.08 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.32 annualized dividend and a dividend yield of 9.82%. Capital Product Partners L.P.’s dividend payout ratio is presently 114.29%.

Several equities analysts have weighed in on CPLP shares. Zacks Investment Research downgraded shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. ValuEngine cut shares of Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut shares of Capital Product Partners L.P. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. UBS AG reaffirmed a “neutral” rating and set a $4.00 price target (down from $4.50) on shares of Capital Product Partners L.P. in a research note on Wednesday, August 9th. Finally, TheStreet raised shares of Capital Product Partners L.P. from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned 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 $4.75.

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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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