Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Short Interest Down 17.5% in February

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 36,947 shares, a decline of 17.5% from the February 12th total of 44,809 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 9,091 shares, the short-interest ratio is currently 4.1 days. Based on an average daily volume of 9,091 shares, the short-interest ratio is currently 4.1 days. Approximately 0.1% of the company’s shares are sold short.

Capital Clean Energy Carriers Stock Up 2.1%

Shares of NASDAQ CCEC opened at $20.63 on Monday. The stock has a market capitalization of $1.20 billion, a PE ratio of 7.19 and a beta of 0.66. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 1.57. The firm has a fifty day moving average of $21.64 and a 200-day moving average of $21.35. Capital Clean Energy Carriers has a 52-week low of $14.09 and a 52-week high of $24.83.

Capital Clean Energy Carriers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.9%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is presently 20.91%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. BTIG Research initiated coverage on Capital Clean Energy Carriers in a research report on Friday, December 19th. They set a “buy” rating and a $25.00 target price on the stock. Weiss Ratings cut Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, January 23rd. Finally, Capital One Financial set a $25.00 price objective on shares of Capital Clean Energy Carriers in a research note on Friday, December 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.33.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of large investors have recently modified their holdings of CCEC. Millennium Management LLC grew its holdings in shares of Capital Clean Energy Carriers by 2.5% during the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after purchasing an additional 651 shares during the period. 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 worth $232,000 after purchasing an additional 1,087 shares in the last quarter. Geode Capital Management LLC raised 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 buying an additional 1,621 shares during the period. Raymond James Financial Inc. acquired a new position in Capital Clean Energy Carriers during the second quarter valued at approximately $127,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 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.