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

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s stock price was down 2.9% on Wednesday . The company traded as low as $19.50 and last traded at $19.08. Approximately 9,717 shares changed hands during trading, a decline of 47% from the average daily volume of 18,477 shares. The stock had previously closed at $19.65.

Wall Street Analyst Weigh In

CCEC has been the topic of a number of 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 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 0.3 %

The firm’s 50-day moving average price is $18.81 and its 200-day moving average price is $18.56. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.80 and a quick ratio of 1.78. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 7.66 and a beta of 0.77.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. Sell-side analysts forecast that Capital Clean Energy Carriers Corp will post 1.66 earnings per share 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. Investors of record on Thursday, February 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is presently 23.44%.

Institutional Trading of Capital Clean Energy Carriers

Several large investors have recently bought and sold shares of the company. RBF Capital LLC acquired a new position in shares of Capital Clean Energy Carriers during the third quarter worth $195,000. Geode Capital Management LLC acquired a new position in shares of Capital Clean Energy Carriers in the third quarter worth about $268,000. Larson Financial Group LLC acquired a new stake in shares of Capital Clean Energy Carriers during the fourth quarter worth approximately $41,000. Finally, LPL Financial LLC increased its stake in shares of Capital Clean Energy Carriers by 2.7% in the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $932,000 after buying an additional 1,339 shares during 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.