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

Investment analysts at StockNews.com started coverage on shares of Capital Product Partners (NASDAQ:CPLP) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the shipping company’s stock.

Capital Product Partners Price Performance

Shares of CPLP opened at $16.77 on Friday. Capital Product Partners has a 1 year low of $12.70 and a 1 year high of $18.85. The company has a current ratio of 1.41, a quick ratio of 1.20 and a debt-to-equity ratio of 1.48. The stock’s 50-day moving average price is $16.55 and its two-hundred day moving average price is $16.90. The stock has a market cap of $928.86 million, a P/E ratio of 7.32 and a beta of 0.87.

Capital Product Partners (NASDAQ:CPLP) last announced its quarterly earnings results on Friday, August 2nd. The shipping company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.23. The business had revenue of $97.67 million for the quarter, compared to analyst estimates of $90.22 million. Capital Product Partners had a return on equity of 6.30% and a net margin of 18.51%. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities analysts predict that Capital Product Partners will post 1.57 earnings per share for the current year.

Institutional Trading of Capital Product Partners

A hedge fund recently raised its stake in Capital Product Partners stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in Capital Product Partners L.P. (NASDAQ:CPLP) by 18.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,697 shares of the shipping company’s stock after acquiring an additional 28,596 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.91% of Capital Product Partners worth $3,266,000 at the end of the most recent reporting period.

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.