Donald Smith & CO. Inc. Has $21.04 Million Holdings in Capital Product Partners L.P. (NASDAQ:CPLP)

Donald Smith & CO. Inc. decreased its holdings in Capital Product Partners L.P. (NASDAQ:CPLP) by 16.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,481,914 shares of the shipping company’s stock after selling 297,986 shares during the period. Donald Smith & CO. Inc. owned approximately 0.07% of Capital Product Partners worth $21,043,000 at the end of the most recent reporting period.

Separately, Mirae Asset Global Investments Co. Ltd. boosted its stake in Capital Product Partners by 11.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 209,580 shares of the shipping company’s stock valued at $2,936,000 after buying an additional 20,746 shares in the last quarter.

Analyst Upgrades and Downgrades

CPLP has been the subject of a number of recent analyst reports. B. Riley increased their target price on shares of Capital Product Partners from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Jefferies Financial Group downgraded Capital Product Partners from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $18.00 in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus lowered their target price on 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. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Capital Product Partners currently has an average rating of “Moderate Buy” and a consensus target price of $20.67.

Capital Product Partners Stock Down 5.2 %

NASDAQ CPLP traded down $0.87 during trading hours on Monday, reaching $15.78. 27,996 shares of the company’s stock were exchanged, compared to its average volume of 124,076. The company has a market capitalization of $325.07 million, a price-to-earnings ratio of 7.67 and a beta of 0.86. Capital Product Partners L.P. has a one year low of $12.02 and a one year high of $18.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.20 and a current ratio of 1.23. The company’s 50-day moving average is $17.35 and its two-hundred day moving average is $15.92.

Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings results on Friday, February 2nd. The shipping company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.04). The firm had revenue of $92.50 million during the quarter, compared to analyst estimates of $93.32 million. Capital Product Partners had a net margin of 13.09% and a return on equity of 6.48%. During the same period in the prior year, the business earned $1.03 EPS. On average, analysts forecast that Capital Product Partners L.P. will post 1.62 EPS for the current fiscal year.

Capital Product Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a $0.15 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.60 annualized dividend and a yield of 3.80%. Capital Product Partners’s payout ratio is currently 27.65%.

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.