Capital Clean Energy Carriers (NASDAQ:CCEC) Sets New 1-Year Low - What's Next?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report) shares reached a new 52-week low during mid-day 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 research analysts recently commented on the company. Raymond James began coverage on Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an "outperform" rating and a $26.00 price target for the company. Fearnley Fonds downgraded Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a report on Monday, February 17th.

Capital Clean Energy Carriers Stock Up 1.1 %

The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.82. The firm's 50 day moving average price is $18.87 and its two-hundred day moving average price is $18.71. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 6.72 and a beta of 0.52.

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 for the quarter, hitting 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%. Sell-side analysts anticipate that Capital Clean Energy Carriers Corp will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Thursday, February 6th. Capital Clean Energy Carriers's dividend payout ratio is 23.44%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Several institutional investors and hedge funds have recently modified their holdings of CCEC. Larson Financial Group LLC bought a new stake in shares of Capital Clean Energy Carriers during the 4th quarter worth about $41,000. Geode Capital Management LLC acquired a new stake in Capital Clean Energy Carriers during the third quarter worth approximately $268,000. Finally, LPL Financial LLC boosted its holdings in shares of 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 during the period.

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.