Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.75 and last traded at $19.94, with a volume of 214 shares changing hands. The stock had previously closed at $19.65.
Wall Street Analyst Weigh In
CCEC has been the topic of a number of recent analyst reports. Raymond James initiated coverage on shares of Capital Clean Energy Carriers in a research note on Friday, January 24th. They set an "outperform" rating and a $26.00 price target on the stock. Fearnley Fonds cut shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 17th.
Read Our Latest Stock Analysis on CCEC
Capital Clean Energy Carriers Price Performance
The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.82. The business's 50 day moving average price is $18.84 and its 200-day moving average price is $18.58. The company has a market cap of $1.15 billion, a PE ratio of 7.67 and a beta of 0.77.
Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) 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 net margin of 46.85% and a return on equity of 9.76%. As a group, analysts forecast that Capital Clean Energy Carriers Corp will post 1.66 earnings per share for the current year.
Capital Clean Energy Carriers Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.06%. The ex-dividend date was Thursday, February 6th. Capital Clean Energy Carriers's dividend payout ratio (DPR) is presently 23.44%.
Hedge Funds Weigh In On Capital Clean Energy Carriers
Several institutional investors and hedge funds have recently bought and sold shares of CCEC. Geode Capital Management LLC bought a new stake in shares of Capital Clean Energy Carriers in the 3rd quarter valued at approximately $268,000. RBF Capital LLC acquired a new position in shares of Capital Clean Energy Carriers during the third quarter worth approximately $195,000. Larson Financial Group LLC acquired a new position in shares of Capital Clean Energy Carriers in the fourth quarter valued at $41,000. Finally, LPL Financial LLC raised 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 valued at $932,000 after purchasing an additional 1,339 shares in the last quarter.
Capital Clean Energy Carriers Company Profile
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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.
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