Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase – Here’s What Happened

Capital Clean Energy Carriers Corp. (NASDAQ:CCECGet Free Report) saw unusually-strong trading volume on Monday . 21,416 shares were traded during trading, an increase of 120% from the previous session’s volume of 9,721 shares.The stock last traded at $22.5010 and had previously closed at $22.39.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and issued a $23.00 target price on shares of Capital Clean Energy Carriers in a report on Monday. Weiss Ratings raised shares of Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday. Zacks Research upgraded shares of Capital Clean Energy Carriers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. BTIG Research reissued a “buy” rating and set a $25.00 price objective on shares of Capital Clean Energy Carriers in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded Capital Clean Energy Carriers to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Capital Clean Energy Carriers currently has a consensus rating of “Buy” and an average target price of $24.75.

Read Our Latest Stock Report on CCEC

Capital Clean Energy Carriers Stock Down 1.9%

The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.38 and a current ratio of 1.39. The firm has a market cap of $1.31 billion, a PE ratio of 12.08 and a beta of 0.63. The stock has a fifty day moving average price of $21.95 and a 200-day moving average price of $21.31.

Capital Clean Energy Carriers (NASDAQ:CCECGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.61%. The firm had revenue of $102.65 million during the quarter, compared to the consensus estimate of $106.10 million. Research analysts expect that Capital Clean Energy Carriers Corp. will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. Capital Clean Energy Carriers’s dividend payout ratio is presently 32.26%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Capital Clean Energy Carriers during the 2nd quarter worth $127,000. Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers in the third quarter valued at about $382,000. Geode Capital Management LLC lifted its stake in shares of Capital Clean Energy Carriers by 10.1% during the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock worth $414,000 after purchasing an additional 1,621 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Capital Clean Energy Carriers by 2.5% during the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after purchasing an additional 651 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Capital Clean Energy Carriers by 59.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after buying an additional 49,075 shares during the period.

About Capital Clean Energy Carriers

(Get Free Report)

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. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.

Further Reading

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