Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Price Down 2.9% - What's Next?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report) traded down 2.9% during trading on Wednesday . The company traded as low as $19.50 and last traded at $19.08. 9,717 shares traded hands during trading, a decline of 47% from the average session volume of 18,477 shares. The stock had previously closed at $19.65.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCEC. Fearnley Fonds downgraded Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 17th. Raymond James began coverage on Capital Clean Energy Carriers in a research note on Friday, January 24th. They set an "outperform" rating and a $26.00 target price for the company.

Capital Clean Energy Carriers Price Performance

The firm has a market capitalization of $1.15 billion, a P/E ratio of 7.67 and a beta of 0.77. 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 business's fifty day moving average is $18.84 and its 200 day moving average is $18.59.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last posted 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 return on equity of 9.76% and a net margin of 46.85%. As a group, analysts forecast that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current year.

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Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Thursday, February 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.06%. Capital Clean Energy Carriers's dividend payout ratio (DPR) is 23.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CCEC. RBF Capital LLC acquired a new stake in shares of Capital Clean Energy Carriers during the third quarter valued at approximately $195,000. Geode Capital Management LLC purchased a new position in Capital Clean Energy Carriers during the 3rd quarter worth approximately $268,000. Larson Financial Group LLC acquired a new stake in Capital Clean Energy Carriers during the 4th quarter valued at $41,000. Finally, LPL Financial LLC lifted its holdings 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.

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.