Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Strong Trading Volume – Still a Buy?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) saw unusually-high trading volume on Friday . Approximately 16,351 shares were traded during 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.

Analysts Set New Price Targets

CCEC has been the topic of several research analyst reports. Raymond James assumed coverage on shares of Capital Clean Energy Carriers in a report on Friday, January 24th. They issued an “outperform” rating and a $26.00 target price on the stock. Fearnley Fonds cut shares of Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th.

Capital Clean Energy Carriers Stock Down 0.1 %

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

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its earnings results on Thursday, February 6th. The company reported $0.36 EPS for the quarter, meeting 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%. On average, research analysts anticipate that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

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

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of institutional investors and hedge funds have recently made changes to their positions in CCEC. RBF Capital LLC purchased a new stake in shares of Capital Clean Energy Carriers during the 3rd quarter valued at about $195,000. Geode Capital Management LLC bought a new stake in Capital Clean Energy Carriers during the third quarter worth approximately $268,000. Larson Financial Group LLC purchased a new stake in Capital Clean Energy Carriers during the fourth quarter valued at approximately $41,000. Finally, LPL Financial LLC boosted its holdings in shares of Capital Clean Energy Carriers by 2.7% in the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $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.