Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Strong Trading Volume – Here’s What Happened

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw unusually-high trading volume on Friday . Approximately 5,883 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 7,222 shares.The stock last traded at $21.1050 and had previously closed at $21.03.

Analyst Ratings Changes

CCEC has been the subject of several recent research reports. Evercore ISI lowered their price objective on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Tuesday, October 14th. Capital One Financial set a $25.00 price target on shares of Capital Clean Energy Carriers in a research report on Friday, December 19th. Finally, BTIG Research began coverage on shares of Capital Clean Energy Carriers in a research report on Friday, December 19th. They issued a “buy” rating and a $25.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Capital Clean Energy Carriers Trading Up 0.4%

The stock’s fifty day moving average price is $20.83 and its 200 day moving average price is $21.90. The stock has a market cap of $1.23 billion, a P/E ratio of 5.28 and a beta of 0.64. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $99.51 million during the quarter, compared to analysts’ expectations of $105.91 million. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. Equities research analysts expect that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Friday, February 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is 15.00%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers in the 2nd quarter worth about $127,000. MGO One Seven LLC purchased a new position in Capital Clean Energy Carriers in the 2nd quarter worth approximately $216,000. Squarepoint Ops LLC bought a new position in Capital Clean Energy Carriers in the 3rd quarter valued at approximately $382,000. Geode Capital Management LLC increased its holdings in shares of Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock worth $414,000 after purchasing an additional 1,621 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Capital Clean Energy Carriers by 59.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after purchasing an additional 49,075 shares in the last quarter.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., 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 cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.