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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) shares saw an uptick in trading volume on Thursday . 19,396 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 8,359 shares.The stock last traded at $23.45 and had previously closed at $21.85.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCEC. Jefferies Financial Group lifted their target price on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the company a “hold” rating in a report on Monday, May 4th. Zacks Research upgraded Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Capital Clean Energy Carriers in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.75.

Capital Clean Energy Carriers Price Performance

The company has a debt-to-equity ratio of 1.53, a current ratio of 1.39 and a quick ratio of 1.38. The company’s 50-day simple moving average is $20.50 and its 200-day simple moving average is $20.91. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 12.45 and a beta of 0.61.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). The firm had revenue of $98.01 million during the quarter, compared to analyst estimates of $103.48 million. Capital Clean Energy Carriers had a net margin of 28.02% and a return on equity of 6.73%. On average, equities research analysts anticipate that Capital Clean Energy Carriers Corp. will post 1.35 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. Capital Clean Energy Carriers’s dividend payout ratio is currently 31.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CCEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Capital Clean Energy Carriers by 59.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock valued at $3,065,000 after purchasing an additional 49,075 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Capital Clean Energy Carriers in the 3rd quarter valued at about $382,000. Raymond James Financial Inc. acquired a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter valued at about $127,000. Geode Capital Management LLC raised its stake in shares of Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after purchasing an additional 651 shares in 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. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.