Capital Product Partners (NASDAQ:CPLP) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Capital Product Partners (NASDAQ:CPLP) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the shipping company’s stock.

Capital Product Partners Stock Performance

CPLP opened at $16.77 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.41 and a debt-to-equity ratio of 1.48. The firm has a market cap of $928.86 million, a PE ratio of 7.32 and a beta of 0.87. The business has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $16.98. Capital Product Partners has a fifty-two week low of $12.70 and a fifty-two week high of $18.85.

Capital Product Partners (NASDAQ:CPLP) last issued its quarterly earnings results on Friday, August 2nd. The shipping company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. Capital Product Partners had a return on equity of 6.30% and a net margin of 18.51%. The firm had revenue of $97.67 million for the quarter, compared to analysts’ expectations of $90.22 million. During the same quarter last year, the business posted $0.36 EPS. As a group, equities analysts predict that Capital Product Partners will post 1.57 EPS for the current fiscal 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. grew its holdings in Capital Product Partners L.P. (NASDAQ:CPLP) by 18.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,697 shares of the shipping company’s stock after purchasing an additional 28,596 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.91% of Capital Product Partners worth $3,266,000 as of its most recent SEC filing.

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.