Donald Smith & CO. Inc. lessened its holdings in Capital Product Partners L.P. (NASDAQ:CPLP) by 84.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 717,153 shares of the shipping company’s stock after selling 3,815,706 shares during the period. Donald Smith & CO. Inc.’s holdings in Capital Product Partners were worth $7,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CPLP. Group One Trading L.P. bought a new stake in Capital Product Partners in the fourth quarter worth $25,000. BlackRock Inc. bought a new stake in Capital Product Partners in the first quarter worth $25,000. Acadian Asset Management LLC bought a new stake in Capital Product Partners in the fourth quarter worth $32,000. Madrona Financial Services LLC bought a new stake in Capital Product Partners in the fourth quarter worth $35,000. Finally, Two Sigma Securities LLC bought a new stake in Capital Product Partners in the fourth quarter worth $40,000. Institutional investors own 28.97% of the company’s stock.

CPLP stock opened at $10.19 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.62. Capital Product Partners L.P. has a twelve month low of $9.68 and a twelve month high of $22.57. The firm has a market cap of $186.80 million, a price-to-earnings ratio of 10.40 and a beta of 0.98.

Capital Product Partners (NASDAQ:CPLP) last posted its quarterly earnings data on Monday, May 13th. The shipping company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.41). Capital Product Partners had a negative net margin of 59.95% and a positive return on equity of 4.19%. The firm had revenue of $26.28 million for the quarter, compared to the consensus estimate of $57.93 million. As a group, analysts anticipate that Capital Product Partners L.P. will post 1.13 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, May 13th were given a dividend of $0.315 per share. The ex-dividend date was Friday, May 10th. Capital Product Partners’s dividend payout ratio (DPR) is 128.57%.

Several brokerages recently weighed in on CPLP. Wells Fargo & Co restated a “hold” rating on shares of Capital Product Partners in a research report on Tuesday, May 21st. B. Riley set a $14.00 price target on shares of Capital Product Partners and gave the stock a “buy” rating in a research report on Tuesday, May 14th. ValuEngine cut shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of Capital Product Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Finally, BidaskClub cut shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Capital Product Partners presently has a consensus rating of “Hold” and a consensus price target of $17.88.

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Capital Product Partners Profile

Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products and chemicals. The company fleet consists of vessels, suezmax crude oil tankers, medium range tankers, and capesize bulk carrier. Capital Product Partners was founded on January 16, 2007 and is headquartered in Piraeus, Greece.

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

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