Capital Product Partners (NASDAQ:CPLP – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Separately, Stifel Nicolaus dropped their price target on Capital Product Partners from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, April 19th.
View Our Latest Analysis on CPLP
Capital Product Partners Stock Up 1.0 %
Capital Product Partners (NASDAQ:CPLP – Get Free Report) last announced its earnings results on Friday, August 2nd. The shipping company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. The business had revenue of $97.67 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.36 earnings per share. Sell-side analysts anticipate that Capital Product Partners will post 1.57 EPS for the current year.
Institutional Investors Weigh In On Capital Product Partners
A hedge fund recently raised its stake in Capital Product Partners stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Capital Product Partners L.P. (NASDAQ:CPLP – Free Report) by 18.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,697 shares of the shipping company’s stock after buying 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 filing with the Securities & Exchange Commission.
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.
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