Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Here’s Why

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) shares gapped down prior to trading on Monday . The stock had previously closed at $18.58, but opened at $18.18. Capital Clean Energy Carriers shares last traded at $18.18, with a volume of 370 shares traded.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds upgraded Capital Clean Energy Carriers to a “strong-buy” rating in a research note on Thursday, October 10th.

Capital Clean Energy Carriers Stock Performance

The company has a debt-to-equity ratio of 2.04, a current ratio of 1.68 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $18.47. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 14.29 and a beta of 0.83.

Capital Clean Energy Carriers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, November 11th. Capital Clean Energy Carriers’s payout ratio is 46.15%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A hedge fund recently bought a new stake in Capital Clean Energy Carriers stock. RBF Capital LLC acquired a new position in Capital Clean Energy Carriers Corp (NASDAQ:CCEC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,376 shares of the company’s stock, valued at approximately $195,000.

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.