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.
Capital Product Partners Stock Down 2.0 %
Shares of NASDAQ:CPLP opened at $14.35 on Friday. Capital Product Partners has a 1 year low of $11.08 and a 1 year high of $19.65. The company has a market cap of $283.27 million, a PE ratio of 2.92 and a beta of 0.92. 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 stock's 50-day moving average is $14.78 and its 200 day moving average is $15.50.
Capital Product Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.60 dividend on an annualized basis and a yield of 4.18%. Capital Product Partners's dividend payout ratio is presently 12.22%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. TheStreet downgraded Capital Product Partners from a "b-" rating to a "c" rating in a report on Friday, July 29th. Stifel Nicolaus decreased their price objective on Capital Product Partners from $20.00 to $17.00 in a report on Tuesday, July 19th. Finally, Jefferies Financial Group started coverage on Capital Product Partners in a report on Wednesday, July 20th. They set a "buy" rating and a $20.00 price target on the stock.