Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Price Down 2.9% – Here’s What Happened

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) fell 2.9% during mid-day trading on Wednesday . The stock traded as low as $19.50 and last traded at $19.08. 9,717 shares changed hands during trading, a decline of 47% from the average session volume of 18,477 shares. The stock had previously closed at $19.65.

Analyst Ratings Changes

Several brokerages have recently issued reports on CCEC. Raymond James began coverage on Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an “outperform” rating and a $26.00 price target on the stock. Fearnley Fonds cut Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a report on Monday, February 17th.

Capital Clean Energy Carriers Stock Down 0.4 %

The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.64 and a beta of 0.77. The stock has a fifty day moving average of $18.76 and a 200-day moving average of $18.55.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its earnings results on Thursday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. As a group, sell-side analysts expect that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Thursday, February 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.60 annualized dividend and a dividend yield of 3.07%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is presently 23.44%.

Institutional Trading of Capital Clean Energy Carriers

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Capital Clean Energy Carriers by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock worth $281,000 after buying an additional 1,058 shares during the period. LPL Financial LLC boosted its position in Capital Clean Energy Carriers by 2.7% during the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock valued at $932,000 after purchasing an additional 1,339 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Capital Clean Energy Carriers during the fourth quarter valued at $41,000. Finally, RBF Capital LLC acquired a new stake in Capital Clean Energy Carriers during the third quarter valued at $195,000.

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.