Virtu Financial LLC Invests $182,000 in Capital Product Partners L.P. (CPLP)

Virtu Financial LLC acquired a new stake in Capital Product Partners L.P. (NASDAQ:CPLP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 54,219 shares of the shipping company’s stock, valued at approximately $182,000.

Several other institutional investors have also made changes to their positions in CPLP. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of Capital Product Partners in the 4th quarter valued at $127,000. Russell Investments Group Ltd. boosted its stake in shares of Capital Product Partners by 210.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 101,677 shares of the shipping company’s stock valued at $356,000 after purchasing an additional 68,970 shares in the last quarter. Partnervest Advisory Services LLC boosted 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 valued at $524,000 after purchasing an additional 16,749 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Capital Product Partners by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 995,961 shares of the shipping company’s stock valued at $3,486,000 after purchasing an additional 68,892 shares in the last quarter. 18.87% of the stock is owned by institutional investors.

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A number of equities research analysts have recently issued reports on CPLP shares. Zacks Investment Research cut shares of Capital Product Partners from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. BidaskClub cut shares of Capital Product Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. ValuEngine cut shares of Capital Product Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. TheStreet cut shares of Capital Product Partners from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Finally, Jefferies Group began coverage on shares of Capital Product Partners in a research report on Monday, December 18th. They set a “buy” rating and a $5.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $4.50.

Shares of CPLP stock opened at $3.14 on Friday. The firm has a market cap of $414.34, a price-to-earnings ratio of 14.27 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 0.49. Capital Product Partners L.P. has a 12-month low of $2.98 and a 12-month high of $4.00.

Capital Product Partners (NASDAQ:CPLP) last announced its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $64.11 million during the quarter, compared to analysts’ expectations of $59.70 million. Capital Product Partners had a net margin of 14.31% and a return on equity of 4.30%. equities research analysts expect that Capital Product Partners L.P. will post 0.31 earnings per share for the current fiscal 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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