Short Interest in Capital Product Partners L.P. (NASDAQ:CPLP) Increases By 7.8%

Capital Product Partners L.P. (NASDAQ:CPLP) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 40,300 shares, a growth of 7.8% from the May 31st total of 37,400 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 26,200 shares, the short-interest ratio is presently 1.5 days.

Capital Product Partners Trading Up 0.3 %

Shares of NASDAQ CPLP traded up $0.05 on Wednesday, reaching $17.00. 1,270 shares of the company traded hands, compared to its average volume of 89,828. The company has a 50 day moving average of $16.99 and a 200 day moving average of $17.00. The company has a current ratio of 1.41, a quick ratio of 1.20 and a debt-to-equity ratio of 1.48. Capital Product Partners has a fifty-two week low of $12.70 and a fifty-two week high of $18.85. The stock has a market capitalization of $941.60 million, a PE ratio of 7.42 and a beta of 0.87.

Capital Product Partners (NASDAQ:CPLP) last issued its quarterly earnings results on Tuesday, April 30th. The shipping company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $100.64 million during the quarter, compared to analyst estimates of $101.95 million. Capital Product Partners had a net margin of 18.51% and a return on equity of 6.30%. On average, equities research analysts forecast that Capital Product Partners will post 1.58 earnings per share for the current fiscal year.

Capital Product Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, May 6th. Capital Product Partners’s dividend payout ratio (DPR) is currently 26.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CPLP. Stifel Nicolaus cut their price objective on shares of Capital Product Partners from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, April 19th. StockNews.com upgraded Capital Product Partners from a “hold” rating to a “buy” rating in a report on Friday, June 14th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Capital Product Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.67.

Institutional Inflows and Outflows

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

About Capital Product Partners

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.