Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Unusually-High Trading Volume – Here’s Why

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw unusually-high trading volume on Tuesday . Approximately 8,205 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 4,252 shares.The stock last traded at $20.8310 and had previously closed at $20.93.

Analyst Ratings Changes

CCEC has been the subject of several research analyst reports. Evercore ISI dropped their price target on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Capital One Financial set a $25.00 price objective on Capital Clean Energy Carriers in a report on Friday, December 19th. BTIG Research assumed coverage on Capital Clean Energy Carriers in a research note on Friday, December 19th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Capital Clean Energy Carriers Stock Performance

The company has a market cap of $1.25 billion, a P/E ratio of 5.35 and a beta of 0.63. The business has a 50 day moving average price of $20.67 and a two-hundred day moving average price of $21.62. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 1.44.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Capital Clean Energy Carriers had a return on equity of 7.54% and a net margin of 56.56%.The business had revenue of $99.51 million for the quarter, compared to analyst estimates of $105.91 million. On average, sell-side analysts anticipate that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Friday, February 6th will be issued a $0.15 dividend. 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%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Capital Clean Energy Carriers by 9.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock valued at $3,224,000 after buying an additional 12,097 shares during the period. Geode Capital Management LLC boosted its holdings in Capital Clean Energy Carriers by 10.1% in the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after acquiring an additional 1,621 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers during the 3rd quarter valued at $382,000. MGO One Seven LLC increased its position in Capital Clean Energy Carriers by 11.8% during the 3rd quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock valued at $232,000 after purchasing an additional 1,087 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers in the 2nd quarter worth $127,000.

About Capital Clean Energy Carriers

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.