Capital Clean Energy Carriers (NASDAQ:CCEC) Trading Down 14.8% - What's Next?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report)'s share price fell 14.8% on Monday . The company traded as low as $15.54 and last traded at $15.54. 4,943 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 17,912 shares. The stock had previously closed at $18.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James started coverage on shares of Capital Clean Energy Carriers in a report on Friday, January 24th. They set an "outperform" rating and a $26.00 target price for the company. Fearnley Fonds downgraded shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a report on Monday, February 17th.

Capital Clean Energy Carriers Price Performance

The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 6.72 and a beta of 0.52. 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 stock has a fifty day moving average of $18.87 and a 200-day moving average of $18.71.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.36 EPS for the quarter, meeting analysts' consensus estimates of $0.36. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. On average, equities research analysts predict that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

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

Institutional Trading of Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new stake in Capital Clean Energy Carriers in the fourth quarter valued at approximately $41,000. Geode Capital Management LLC acquired a new position in shares of Capital Clean Energy Carriers during the 3rd quarter valued at $268,000. Finally, LPL Financial LLC increased its holdings in Capital Clean Energy Carriers by 2.7% in the 4th 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.