Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Unusually-High Trading Volume – Should You Buy?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw unusually-strong trading volume on Tuesday . Approximately 18,827 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 21,421 shares.The stock last traded at $20.7750 and had previously closed at $20.59.

Analyst Ratings Changes

Several brokerages have weighed in on CCEC. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Tuesday, October 14th. Evercore ISI decreased their price objective on shares of Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Capital Clean Energy Carriers Trading Down 3.1%

The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 1.68. The business has a 50-day simple moving average of $21.59 and a 200-day simple moving average of $22.17. The company has a market cap of $1.19 billion, a PE ratio of 6.39 and a beta of 0.59.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Capital Clean Energy Carriers had a net margin of 55.58% and a return on equity of 10.70%. On average, analysts predict 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 will be paid on Thursday, February 12th. Stockholders of record on Friday, February 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio is 15.00%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A number of large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Capital Clean Energy Carriers by 9.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after purchasing an additional 12,097 shares during the last quarter. Geode Capital Management LLC raised its stake in Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after acquiring an additional 1,621 shares in the last quarter. Squarepoint Ops LLC bought a new position in Capital Clean Energy Carriers during the 3rd quarter valued at $382,000. MGO One Seven LLC increased its holdings in shares of Capital Clean Energy Carriers by 11.8% in the third quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock valued at $232,000 after buying an additional 1,087 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Capital Clean Energy Carriers during the 2nd quarter worth approximately $127,000.

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.