Capital Product Partners L.P. (NASDAQ:CPLP) Short Interest Update

Capital Product Partners L.P. (NASDAQ:CPLP) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 40,300 shares, a growth of 7.8% from the May 31st total of 37,400 shares. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.4% of the shares of the stock are sold short.

Capital Product Partners Price Performance

NASDAQ CPLP traded down $0.23 on Tuesday, hitting $16.95. 14,465 shares of the company were exchanged, compared to its average volume of 90,531. Capital Product Partners has a 1-year low of $12.70 and a 1-year high of $18.85. The firm has a 50 day moving average of $16.98 and a two-hundred day moving average of $16.97. 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 company has a market cap of $938.86 million, a P/E ratio of 7.50 and a beta of 0.87.

Capital Product Partners (NASDAQ:CPLP) last announced its earnings results on Tuesday, April 30th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Capital Product Partners had a net margin of 18.51% and a return on equity of 6.30%. The company had revenue of $100.64 million for the quarter, compared to analyst estimates of $101.95 million. On average, equities analysts predict that Capital Product Partners will post 1.58 EPS for the current year.

Capital Product Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.60 dividend on an annualized basis and a yield of 3.54%. Capital Product Partners’s payout ratio is 26.20%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Nicolaus reduced their price target on shares of Capital Product Partners from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. StockNews.com raised Capital Product Partners from a “hold” rating to a “buy” rating in a report on Friday, June 14th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.67.

Institutional Investors Weigh In On Capital Product Partners

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

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.