Short Interest in Capital Product Partners L.P. (NASDAQ:CPLP) Decreases By 5.5%

Capital Product Partners L.P. (NASDAQ:CPLP - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 54,800 shares, a decrease of 5.5% from the March 15th total of 58,000 shares. Based on an average daily trading volume, of 124,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the company's stock are sold short.

Capital Product Partners Trading Up 2.9 %

Shares of Capital Product Partners stock traded up $0.47 during mid-day trading on Tuesday, hitting $16.62. 45,620 shares of the stock were exchanged, compared to its average volume of 137,036. The stock has a market capitalization of $342.37 million, a price-to-earnings ratio of 7.66 and a beta of 0.86. Capital Product Partners has a twelve month low of $12.02 and a twelve month high of $18.85. 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 company has a 50-day simple moving average of $17.62 and a 200 day simple moving average of $15.75.

Capital Product Partners (NASDAQ:CPLP - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The shipping company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.04). The business had revenue of $92.50 million during the quarter, compared to analysts' expectations of $93.32 million. Capital Product Partners had a net margin of 13.09% and a return on equity of 7.78%. During the same quarter in the previous year, the business posted $1.03 EPS. Research analysts forecast that Capital Product Partners will post 1.79 EPS for the current year.

Capital Product Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Monday, February 5th. Capital Product Partners's payout ratio is currently 27.65%.

Institutional Trading of Capital Product Partners

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Capital Product Partners by 597.0% in the first quarter. Goldman Sachs Group Inc. now owns 277,121 shares of the shipping company's stock valued at $5,052,000 after buying an additional 237,362 shares during the last quarter. Royal Bank of Canada lifted its stake in Capital Product Partners by 4.9% in the first quarter. Royal Bank of Canada now owns 18,477 shares of the shipping company's stock valued at $337,000 after buying an additional 859 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Capital Product Partners by 2,886,050.0% in the first quarter. BNP Paribas Arbitrage SA now owns 57,723 shares of the shipping company's stock valued at $1,052,000 after buying an additional 57,721 shares during the last quarter. Sei Investments Co. lifted its stake in Capital Product Partners by 16.2% in the second quarter. Sei Investments Co. now owns 68,234 shares of the shipping company's stock valued at $1,034,000 after buying an additional 9,504 shares during the last quarter. Finally, Creative Planning lifted its stake in Capital Product Partners by 23.0% in the second quarter. Creative Planning now owns 21,420 shares of the shipping company's stock valued at $325,000 after buying an additional 4,000 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on CPLP shares. Jefferies Financial Group downgraded shares of Capital Product Partners from a "buy" rating to a "hold" rating and reduced their price target for the company from $22.00 to $18.00 in a research report on Tuesday, February 27th. B. Riley upped their price target on shares of Capital Product Partners from $19.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Capital Product Partners currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

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.