Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels transport 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. As of April 27, 2022, the company owned 21 vessels, including 11 Neo-Panamax container vessels, three Panamax container vessels, one cape-size bulk carrier, and six LNG carriers. Capital GP L.L.C. serves as the general partner of the company. The company was incorporated in 2007 and is headquartered in Piraeus, Greece.
Analysts Set New Price Targets
CPLP has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Capital Product Partners in a research note on Wednesday, July 20th. They set a "buy" rating and a $20.00 price objective on the stock. TheStreet downgraded shares of Capital Product Partners from a "b-" rating to a "c" rating in a research note on Friday, July 29th. Finally, Stifel Nicolaus cut their price target on shares of Capital Product Partners from $20.00 to $17.00 in a research note on Tuesday, July 19th.
Capital Product Partners Trading Down 0.8 %
NASDAQ:CPLP traded down $0.12 during trading hours on Thursday, reaching $14.49. 2,201 shares of the company were exchanged, compared to its average volume of 109,057. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.42 and a quick ratio of 0.38. The firm has a market cap of $286.03 million, a price-to-earnings ratio of 2.98 and a beta of 0.92. Capital Product Partners has a 52-week low of $11.08 and a 52-week high of $19.65. The stock has a 50 day simple moving average of $14.84 and a 200 day simple moving average of $15.51.
Capital Product Partners Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Monday, August 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Friday, August 5th. Capital Product Partners's dividend payout ratio is presently 12.22%.