Capital Product Partners (NASDAQ:CPLP) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Capital Product Partners (NASDAQ:CPLP) in a report issued on Friday morning. The firm issued a hold rating on the shipping company’s stock.

Capital Product Partners Stock Up 2.1 %

Capital Product Partners stock opened at $16.77 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.20 and a current ratio of 1.41. Capital Product Partners has a 52-week low of $12.70 and a 52-week high of $18.85. The firm has a 50 day moving average price of $16.55 and a two-hundred day moving average price of $16.90. The firm has a market cap of $928.86 million, a price-to-earnings ratio of 7.32 and a beta of 0.87.

Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings data on Friday, August 2nd. The shipping company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.23. The company had revenue of $97.67 million during the quarter, compared to analyst estimates of $90.22 million. Capital Product Partners had a net margin of 18.51% and a return on equity of 6.30%. During the same quarter in the previous year, the business posted $0.36 EPS. Equities analysts predict that Capital Product Partners will post 1.57 EPS for the current year.

Capital Product Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Tuesday, August 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Tuesday, August 6th. Capital Product Partners’s dividend payout ratio (DPR) is currently 26.20%.

Institutional Investors Weigh In On Capital Product Partners

An institutional investor recently raised its position in Capital Product Partners stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Capital Product Partners L.P. (NASDAQ:CPLP) by 18.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,697 shares of the shipping company’s stock after purchasing an additional 28,596 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.91% of Capital Product Partners worth $3,266,000 at the end of the most recent quarter.

Capital Product Partners Company Profile

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters.