Capital Product Partners L.P. (NASDAQ:CPLP) Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP reduced its holdings in Capital Product Partners L.P. (NASDAQ:CPLP) by 50.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,091 shares of the shipping company’s stock after selling 74,129 shares during the period. Susquehanna International Group LLP owned about 0.06% of Capital Product Partners worth $252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its holdings in Capital Product Partners by 0.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 66,107 shares of the shipping company’s stock valued at $225,000 after purchasing an additional 523 shares during the period. Private Advisor Group LLC boosted its stake in shares of Capital Product Partners by 4.6% in the second quarter. Private Advisor Group LLC now owns 80,419 shares of the shipping company’s stock worth $296,000 after acquiring an additional 3,518 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its stake in shares of Capital Product Partners by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 517,360 shares of the shipping company’s stock worth $1,759,000 after acquiring an additional 5,766 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Capital Product Partners by 6.8% in the second quarter. Wells Fargo & Company MN now owns 100,914 shares of the shipping company’s stock worth $343,000 after acquiring an additional 6,450 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of Capital Product Partners by 60.6% in the second quarter. Citadel Advisors LLC now owns 43,243 shares of the shipping company’s stock worth $147,000 after acquiring an additional 16,318 shares during the last quarter. 19.24% of the stock is currently owned by institutional investors.

Capital Product Partners L.P. (CPLP) remained flat at $$3.51 during trading hours on Thursday. 308,200 shares of the company’s stock were exchanged, compared to its average volume of 507,129. Capital Product Partners L.P. has a fifty-two week low of $3.10 and a fifty-two week high of $4.00. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.46. The company has a market cap of $474.12, a PE ratio of 12.54 and a beta of 1.58.

Capital Product Partners (NASDAQ:CPLP) last posted its earnings results on Friday, October 27th. The shipping company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The company had revenue of $62.68 million for the quarter, compared to the consensus estimate of $59.71 million. Capital Product Partners had a return on equity of 4.70% and a net margin of 17.17%. research analysts anticipate that Capital Product Partners L.P. will post 0.24 earnings per share for the current fiscal year.

CPLP has been the topic of a number of research analyst reports. Zacks Investment Research lowered Capital Product Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Jefferies Group initiated coverage on Capital Product Partners in a research report on Monday, December 18th. They set a “buy” rating and a $5.00 price objective on the stock. BidaskClub upgraded Capital Product Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, ValuEngine upgraded Capital Product Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Capital Product Partners presently has a consensus rating of “Hold” and a consensus price target of $4.75.

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Capital Product Partners Profile

Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.

Institutional Ownership by Quarter for Capital Product Partners (NASDAQ:CPLP)

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