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

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

Capital Product Partners Stock Performance

Shares of CPLP stock opened at $16.77 on Wednesday. Capital Product Partners has a 12-month low of $12.70 and a 12-month high of $18.85. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.41 and a quick ratio of 1.20. The firm has a market capitalization of $928.86 million, a price-to-earnings ratio of 7.32 and a beta of 0.87. The business has a 50 day simple moving average of $16.57 and a 200 day simple moving average of $16.98.

Capital Product Partners (NASDAQ:CPLP) last released 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 company had revenue of $97.67 million during the quarter, compared to analysts’ expectations 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 business posted $0.36 earnings per share. On average, equities research analysts anticipate that Capital Product Partners will post 1.57 EPS for the current year.

Institutional Trading of Capital Product Partners

An institutional investor recently raised its position in Capital Product Partners stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Capital Product Partners L.P. (NASDAQ:CPLP) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,697 shares of the shipping company’s stock after acquiring an additional 28,596 shares during the quarter. 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.

About Capital Product Partners

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.