Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Strong Trading Volume – Still a Buy?

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw an uptick in trading volume on Wednesday . 13,854 shares traded hands during trading, an increase of 30% from the previous session’s volume of 10,626 shares.The stock last traded at $20.4150 and had previously closed at $20.72.

Wall Street Analysts Forecast Growth

CCEC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Tuesday, October 14th. Evercore ISI reduced their price objective on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Capital Clean Energy Carriers Trading Down 0.5%

The business has a fifty day simple moving average of $20.95 and a 200-day simple moving average of $21.95. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 1.44. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 5.15 and a beta of 0.64.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Capital Clean Energy Carriers had a return on equity of 7.54% and a net margin of 56.56%.The firm had revenue of $99.51 million for the quarter, compared to analyst estimates of $105.91 million. As a group, equities analysts forecast 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 will be paid on Thursday, February 12th. Shareholders of record on Friday, February 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio is 15.00%.

Institutional Trading of Capital Clean Energy Carriers

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MGO One Seven LLC bought a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter valued at about $216,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Capital Clean Energy Carriers by 9.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after acquiring an additional 12,097 shares during the period. Squarepoint Ops LLC bought a new stake in Capital Clean Energy Carriers in the third quarter valued at approximately $382,000. Raymond James Financial Inc. acquired a new stake in Capital Clean Energy Carriers during the 2nd quarter valued at approximately $127,000. Finally, Geode Capital Management LLC raised its holdings in Capital Clean Energy Carriers by 10.1% during the 2nd 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 during the last quarter.

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.