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

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) saw an uptick in trading volume on Friday . 16,351 shares were traded during mid-day trading, an increase of 16% from the previous session’s volume of 14,072 shares.The stock last traded at $18.90 and had previously closed at $19.30.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CCEC shares. Fearnley Fonds lowered shares of Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th. Raymond James assumed coverage on Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an “outperform” rating and a $26.00 price objective for the company.

Capital Clean Energy Carriers Price Performance

The firm has a market cap of $1.08 billion, a P/E ratio of 7.22 and a beta of 0.83. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.82. The business’s 50-day moving average is $18.55.

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

Capital Clean Energy Carriers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Thursday, February 6th. Capital Clean Energy Carriers’s payout ratio is 23.44%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new stake in Capital Clean Energy Carriers in the 4th quarter worth approximately $41,000. RBF Capital LLC bought a new position in shares of Capital Clean Energy Carriers in the third quarter worth approximately $195,000. Geode Capital Management LLC purchased a new stake in shares of Capital Clean Energy Carriers in the third quarter worth $268,000. Finally, LPL Financial LLC raised its position in shares of Capital Clean Energy Carriers by 2.7% during the 4th 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 period.

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.