Capital Clean Energy Carriers (NASDAQ:CCEC) Sets New 1-Year Low – Here’s What Happened

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $14.09 and last traded at $18.39, with a volume of 82177 shares traded. The stock had previously closed at $18.23.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CCEC shares. Fearnley Fonds cut shares of Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 17th. Raymond James started coverage on Capital Clean Energy Carriers in a report on Friday, January 24th. They issued an “outperform” rating and a $26.00 price objective for the company.

Capital Clean Energy Carriers Stock Down 3.0 %

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 business has a 50 day simple moving average of $18.94 and a 200 day simple moving average of $18.73. The stock has a market cap of $992.58 million, a PE ratio of 6.64 and a beta of 0.52.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released 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 return on equity of 9.76% and a net margin of 46.85%. On average, equities research 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 company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Thursday, February 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio is 23.44%.

Institutional Trading of Capital Clean Energy Carriers

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of Capital Clean Energy Carriers by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock valued at $281,000 after acquiring an additional 1,058 shares during the last quarter. LPL Financial LLC lifted its holdings in Capital Clean Energy Carriers by 2.7% during the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $932,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Capital Clean Energy Carriers in the fourth quarter valued at about $41,000.

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.