Capital Clean Energy Carriers (NASDAQ:CCEC) Trading Down 5% – What’s Next?

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) fell 5% on Thursday . The stock traded as low as $17.55 and last traded at $17.55. 3,225 shares traded hands during trading, a decline of 94% from the average session volume of 56,097 shares. The stock had previously closed at $18.47.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCEC. Evercore ISI started coverage on Capital Clean Energy Carriers in a research note on Thursday, September 5th. They issued an “outperform” rating and a $22.00 price target for the company. Fearnley Fonds upgraded shares of Capital Clean Energy Carriers to a “strong-buy” rating in a research note on Thursday, October 10th.

Capital Clean Energy Carriers Trading Down 1.7 %

The company’s 50-day simple moving average is $18.65. The company has a quick ratio of 1.66, a current ratio of 1.68 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $1.01 billion, a PE ratio of 13.97 and a beta of 0.85.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Monday, November 11th. Capital Clean Energy Carriers’s payout ratio is 46.15%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

An institutional investor recently bought a new position in Capital Clean Energy Carriers stock. Geode Capital Management LLC bought a new position in Capital Clean Energy Carriers Corp (NASDAQ:CCEC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,304 shares of the company’s stock, valued at approximately $268,000.

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.