Donald Smith & CO. Inc. Sells 297,986 Shares of Capital Product Partners L.P. (NASDAQ:CPLP)

Donald Smith & CO. Inc. decreased its position in shares of Capital Product Partners L.P. (NASDAQ:CPLP - Free Report) by 16.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,481,914 shares of the shipping company's stock after selling 297,986 shares during the period. Donald Smith & CO. Inc. owned about 7.19% of Capital Product Partners worth $21,043,000 at the end of the most recent reporting period.

Separately, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Capital Product Partners by 11.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 209,580 shares of the shipping company's stock valued at $2,936,000 after purchasing an additional 20,746 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CPLP shares. Stifel Nicolaus lowered their price objective on Capital Product Partners from $21.00 to $20.00 and set a "buy" rating for the company in a report on Friday, April 19th. Jefferies Financial Group cut Capital Product Partners from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $22.00 to $18.00 in a research note on Tuesday, February 27th. Finally, B. Riley boosted their target price on shares of Capital Product Partners from $19.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, February 5th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.67.

Capital Product Partners Stock Performance

Shares of NASDAQ CPLP traded down $0.87 during mid-day trading on Monday, hitting $15.78. The company had a trading volume of 27,996 shares, compared to its average volume of 124,076. The stock has a market cap of $325.07 million, a price-to-earnings ratio of 7.27 and a beta of 0.86. The firm's 50 day simple moving average is $17.29 and its two-hundred day simple moving average is $15.93. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.23 and a quick ratio of 1.20. Capital Product Partners L.P. has a 12 month low of $12.02 and a 12 month high of $18.85.

Capital Product Partners (NASDAQ:CPLP - Get Free Report) last posted its earnings results on Friday, February 2nd. The shipping company reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.04). The firm had revenue of $92.50 million for the quarter, compared to analyst estimates of $93.32 million. Capital Product Partners had a net margin of 13.09% and a return on equity of 6.48%. During the same period in the previous year, the firm earned $1.03 earnings per share. As a group, equities research analysts forecast that Capital Product Partners L.P. will post 1.62 earnings per share for the current year.

Capital Product Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Monday, May 6th. Capital Product Partners's payout ratio is currently 27.65%.

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.