Mirae Asset Global Investments Co. Ltd. Acquires 28,596 Shares of Capital Product Partners L.P. (NASDAQ:CPLP)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Capital Product Partners L.P. (NASDAQ:CPLP) by 18.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.’s holdings in Capital Product Partners were worth $3,266,000 at the end of the most recent quarter.

Capital Product Partners Trading Down 0.2 %

Shares of NASDAQ:CPLP opened at $16.91 on Friday. The stock has a market cap of $936.64 million, a PE ratio of 7.38 and a beta of 0.87. The company has a quick ratio of 1.20, a current ratio of 1.41 and a debt-to-equity ratio of 1.48. Capital Product Partners L.P. has a 12-month low of $12.70 and a 12-month high of $18.85. The business has a 50 day moving average of $17.04 and a 200-day moving average of $17.10.

Capital Product Partners (NASDAQ:CPLP) last issued its quarterly earnings data on Tuesday, April 30th. The shipping company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $100.64 million for the quarter, compared to analyst estimates of $101.95 million. Capital Product Partners had a return on equity of 6.30% and a net margin of 18.51%. As a group, equities research analysts forecast that Capital Product Partners L.P. will post 1.58 earnings per share for the current year.

Capital Product Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders 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 dividend yield of 3.55%. Capital Product Partners’s payout ratio is 26.20%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Capital Product Partners from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Stifel Nicolaus decreased their price target on shares of Capital Product Partners from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Capital Product Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.67.

Capital Product Partners 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.