Capital Product Partners L.P. (NASDAQ:CPLP) Short Interest Update

Capital Product Partners L.P. (NASDAQ:CPLP) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 54,800 shares, a decline of 5.5% from the March 15th total of 58,000 shares. Based on an average daily volume of 124,300 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of Capital Product Partners by 18.0% during the 4th quarter. Bank of America Corp DE now owns 5,782 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 882 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Capital Product Partners during the 2nd quarter valued at $142,000. UBS Group AG grew its position in shares of Capital Product Partners by 19.0% during the 3rd quarter. UBS Group AG now owns 10,795 shares of the shipping company’s stock valued at $144,000 after purchasing an additional 1,724 shares in the last quarter. Wolverine Trading LLC purchased a new position in shares of Capital Product Partners during the 4th quarter valued at $270,000. Finally, Creative Planning grew its position in shares of Capital Product Partners by 23.0% during the 2nd quarter. Creative Planning now owns 21,420 shares of the shipping company’s stock valued at $325,000 after purchasing an additional 4,000 shares in the last quarter.

Capital Product Partners Stock Up 0.7 %

Capital Product Partners stock opened at $16.74 on Thursday. Capital Product Partners has a 1-year low of $12.02 and a 1-year high of $18.85. The firm has a market capitalization of $344.84 million, a price-to-earnings ratio of 7.71 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 2.27. The firm has a 50 day simple moving average of $17.59 and a 200 day simple moving average of $15.77.

Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings data on Friday, February 2nd. The shipping company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.04). Capital Product Partners had a net margin of 13.09% and a return on equity of 7.78%. The business had revenue of $92.50 million during the quarter, compared to analysts’ expectations of $93.32 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, analysts predict that Capital Product Partners will post 1.79 earnings per share for the current year.

Capital Product Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were paid a $0.15 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 3.58%. Capital Product Partners’s dividend payout ratio is 27.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. B. Riley lifted their price target on shares of Capital Product Partners from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Jefferies Financial Group cut shares of Capital Product Partners from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $18.00 in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.