Capital Product Partners L.P. (NASDAQ:CPLP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “CAPITAL PRODUCT PARTNERS L.P. is an international shipping company and leader in the seaborne transportation of refined oil products and chemicals. Their fleet of product tankers is fully chartered under medium- to long-term time and bareboat charters. With their modern, state-of-the-art fleet and built-in growth through contracted acquisitions of additional vessels and the potential drop-down of optional vessels from the owner of their General Partner, Capital Maritime & Trading Corp., they are well-positioned to capitalize on the growth dynamics of the product tanker industry, worldwide, as well as pending regulatory changes. “

Other research analysts also recently issued research reports about the stock. UBS AG reiterated a “neutral” rating and issued a $4.00 price objective (down previously from $4.50) on shares of Capital Product Partners L.P. in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Capital Product Partners L.P. from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, TheStreet upgraded shares of Capital Product Partners L.P. from a “c” rating to a “b-” rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $4.75.

Shares of Capital Product Partners L.P. (CPLP) traded down $0.06 during trading on Tuesday, hitting $3.20. 491,500 shares of the company’s stock were exchanged, compared to its average volume of 525,951. The firm has a market capitalization of $412.25, a P/E ratio of 11.64 and a beta of 1.64. Capital Product Partners L.P. has a 1-year low of $2.80 and a 1-year high of $4.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.81.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in CPLP. Wells Fargo & Company MN grew its stake in Capital Product Partners L.P. by 5.0% during the 1st quarter. Wells Fargo & Company MN now owns 94,464 shares of the shipping company’s stock valued at $337,000 after acquiring an additional 4,498 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in Capital Product Partners L.P. during the 1st quarter valued at about $408,000. Morgan Stanley grew its stake in Capital Product Partners L.P. by 16.0% during the 1st quarter. Morgan Stanley now owns 860,407 shares of the shipping company’s stock valued at $3,072,000 after acquiring an additional 118,893 shares in the last quarter. Renaissance Technologies LLC grew its stake 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. Finally, Goldman Sachs Group Inc. grew its stake 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. 18.28% of the stock is owned by institutional investors.

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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