Donald Smith & Co. Reports 1.42M Share Stake in Capital Product Partners
Ticker: CCEC · Form: SC 13G · Filed: Feb 5, 2024 · CIK: 1392326
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Donald Smith & Co. just revealed a 1.42M share stake in Capital Product Partners, a bullish sign!**
AI Summary
Donald Smith & Co., Inc., an investment advisor, reported beneficial ownership of 1,421,195 common shares of Capital Product Partners L.P. as of December 31, 2023. This filing, an SC 13G, indicates that Donald Smith & Co. holds sole voting and sole dispositive power over these shares, representing a significant, but passive, stake in the deep-sea freight transportation company. This matters to investors because it signals that a professional investment firm sees value in Capital Product Partners, potentially boosting investor confidence.
Why It Matters
This filing shows a notable institutional investor, Donald Smith & Co., Inc., has taken a significant position in Capital Product Partners L.P., which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate risks or major changes to company control.
Analyst Insight
A smart investor would view this as a positive signal, indicating institutional confidence in Capital Product Partners L.P., and might consider further research into the company's fundamentals.
Key Numbers
- 1,421,195 — Common Shares Beneficially Owned (Represents the total number of shares of Capital Product Partners L.P. held by Donald Smith & Co., Inc.)
- December 31, 2023 — Date of Event (The specific date on which the ownership threshold requiring this filing was met.)
Key Players & Entities
- Donald Smith & Co., Inc. (company) — the reporting person and investment advisor
- Capital Product Partners L.P. (company) — the subject company whose securities are being reported
- 1,421,195 shares (dollar_amount) — the number of common shares beneficially owned by Donald Smith & Co., Inc.
- December 31, 2023 (person) — the date of the event requiring the filing
Forward-Looking Statements
- Donald Smith & Co., Inc. will maintain its passive investment in Capital Product Partners L.P. for the foreseeable future. (Donald Smith & Co., Inc.) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Donald Smith & Co., Inc., an investment advisor based in New York, NY, as stated in the 'FILED BY' section and 'Names of Reporting Persons' on the cover page.
What is the subject company whose shares are being reported?
The subject company is Capital Product Partners L.P., a deep-sea foreign transportation of freight company with its business address in Piraeus, Greece, as identified in the 'SUBJECT COMPANY' section.
How many shares of Capital Product Partners L.P. does Donald Smith & Co., Inc. beneficially own?
Donald Smith & Co., Inc. beneficially owns 1,421,195 common shares of Capital Product Partners L.P., as detailed under 'Sole Voting Power' and 'Sole Dispositive Power' on the cover page.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as explicitly stated on the cover page of the SC 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'X' next to '[X ] Rule 13d-1(b)' on the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 5, 2024 by December 31, 2023 regarding Capital Product Partners L.P. (CCEC).