GSA Capital Partners LLP Decreases Position in Capital Product Partners L.P. (CPLP)

GSA Capital Partners LLP trimmed its holdings in Capital Product Partners L.P. (NASDAQ:CPLP) by 23.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,846 shares of the shipping company’s stock after selling 26,647 shares during the quarter. GSA Capital Partners LLP owned about 0.07% of Capital Product Partners worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its stake in shares of Capital Product Partners by 0.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 66,107 shares of the shipping company’s stock worth $225,000 after acquiring an additional 523 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Capital Product Partners by 4.6% in the 2nd 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 in the last quarter. Wells Fargo & Company MN increased its stake in shares of Capital Product Partners by 6.8% in the 2nd 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 in the last quarter. Citadel Advisors LLC increased its stake in shares of Capital Product Partners by 60.6% in the 2nd 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 in the last quarter. Finally, Partnervest Advisory Services LLC increased its stake in shares of Capital Product Partners by 12.6% in the 3rd quarter. Partnervest Advisory Services LLC now owns 149,585 shares of the shipping company’s stock worth $524,000 after acquiring an additional 16,749 shares in the last quarter. Institutional investors own 19.24% of the company’s stock.

Several research analysts recently issued reports on the stock. Jefferies Group assumed coverage on shares of Capital Product Partners in a research note on Monday, December 18th. They issued a “buy” rating and a $5.00 price target for the company. Zacks Investment Research lowered shares of Capital Product Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine upgraded shares of Capital Product Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of Capital Product Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.75.

Shares of Capital Product Partners L.P. (NASDAQ CPLP) opened at $3.50 on Wednesday. The firm has a market cap of $472.77, a PE ratio of 12.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.81. Capital Product Partners L.P. has a 12 month low of $3.10 and a 12 month high of $4.00.

Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings data on Friday, October 27th. The shipping company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $62.68 million during the quarter, compared to analyst estimates of $59.71 million. Capital Product Partners had a net margin of 17.17% and a return on equity of 4.70%. equities research analysts predict that Capital Product Partners L.P. will post 0.24 earnings per share for the current year.

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Capital Product Partners Company 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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