Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Time to Sell?

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) gapped down before the market opened on Thursday . The stock had previously closed at $23.46, but opened at $21.63. Capital Clean Energy Carriers shares last traded at $22.3070, with a volume of 861 shares.

Wall Street Analysts Forecast Growth

CCEC has been the topic of several recent research reports. Evercore decreased their price objective on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. BTIG Research began coverage on shares of Capital Clean Energy Carriers in a research note on Friday, December 19th. They set a “buy” rating and a $25.00 price target on the stock. Capital One Financial set a $25.00 price target on shares of Capital Clean Energy Carriers in a report on Friday, December 19th. Finally, Weiss Ratings downgraded shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.33.

Capital Clean Energy Carriers Stock Down 3.4%

The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 1.57. The business has a 50-day simple moving average of $21.42 and a two-hundred day simple moving average of $21.32. The stock has a market capitalization of $1.31 billion, a P/E ratio of 5.62 and a beta of 0.66.

Capital Clean Energy Carriers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 3rd. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is currently 15.00%.

Institutional Trading of Capital Clean Energy Carriers

Several hedge funds have recently modified their holdings of CCEC. Raymond James Financial Inc. acquired a new position in shares of Capital Clean Energy Carriers in the 2nd quarter worth approximately $127,000. MGO One Seven LLC raised its position in Capital Clean Energy Carriers by 11.8% in the 3rd quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock valued at $232,000 after purchasing an additional 1,087 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Capital Clean Energy Carriers in the third quarter worth $382,000. Geode Capital Management LLC grew its holdings 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 during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Capital Clean Energy Carriers by 2.5% in the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after buying an additional 651 shares in 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. 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.