Todays Report: The 10,800 Shares of Capital Product Partners L.P. (CPLP) are sold by California Public Employees Retirement System

The 10,800 Shares of Capital Product Partners L.P. (CPLP) are sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in Capital Product Partners L.P. (NASDAQ:CPLP) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 415,839 shares of the company’s stock after selling 10,800 shares during the period. California Public Employees Retirement System owned about 0.35% of Capital Product Partners L.P. worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CPLP. State Street Corp boosted its position in shares of Capital Product Partners L.P. by 3.9% in the first quarter. State Street Corp now owns 90,071 shares of the company’s stock worth $285,000 after buying an additional 3,369 shares during the last quarter. UBS Group AG boosted its position in shares of Capital Product Partners L.P. by 52.0% in the first quarter. UBS Group AG now owns 1,301,664 shares of the company’s stock worth $4,114,000 after buying an additional 445,034 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Capital Product Partners L.P. by 186.0% in the first quarter. Geode Capital Management LLC now owns 102,650 shares of the company’s stock valued at $323,000 after buying an additional 66,756 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Capital Product Partners L.P. by 429.7% in the first quarter. Renaissance Technologies LLC now owns 556,212 shares of the company’s stock valued at $1,758,000 after buying an additional 451,206 shares during the period. Finally, Aristotle Capital Boston LLC boosted its stake in shares of Capital Product Partners L.P. by 9.3% in the first quarter. Aristotle Capital Boston LLC now owns 593,310 shares of the company’s stock valued at $1,875,000 after buying an additional 50,605 shares during the period.

Capital Product Partners L.P. (NASDAQ:CPLP) traded down 0.475% during mid-day trading on Friday, reaching $3.145. The company had a trading volume of 152,494 shares. Capital Product Partners L.P. has a 12 month low of $2.41 and a 12 month high of $7.65. The firm’s 50-day moving average price is $3.37 and its 200-day moving average price is $3.22. The stock has a market cap of $378.69 million, a PE ratio of 8.546 and a beta of 1.56.

Capital Product Partners L.P. (NASDAQ:CPLP) last released its quarterly earnings data on Friday, July 29th. The company reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. The firm earned $60.90 million during the quarter, compared to the consensus estimate of $60.89 million. Equities research analysts forecast that Capital Product Partners L.P. will post $0.37 EPS for the current fiscal year.

CPLP has been the subject of several recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $5.00 target price on shares of Capital Product Partners L.P. in a research report on Monday, September 19th. Deutsche Bank AG raised their target price on Capital Product Partners L.P. from $2.50 to $4.00 and gave the stock a “hold” rating in a research report on Monday, August 1st. Finally, Zacks Investment Research raised Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $7.75.

Capital Product Partners L.P. Company Profile

Capital Product Partners L.P. is an international owner of modern tanker, container and drybulk vessels. The Partnership owns approximately 35 vessels, including twenty modern Medium Range (MR) product tankers, four Suezmax crude oil tankers, 10 post panamax container vessels and one Capesize bulk carrier.

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