Capital Clean Energy Carriers (NASDAQ:CCEC) Sets New 1-Year Low – What’s Next?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) hit a new 52-week low during trading on Tuesday . The company traded as low as $14.09 and last traded at $18.39, with a volume of 82177 shares trading hands. The stock had previously closed at $18.23.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CCEC shares. Fearnley Fonds cut Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th. Raymond James assumed coverage on shares of Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an “outperform” rating and a $26.00 price objective on the stock.

Capital Clean Energy Carriers Price Performance

The stock has a market cap of $1.05 billion, a PE ratio of 6.91 and a beta of 0.52. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.82. The business has a fifty day simple moving average of $19.07 and a two-hundred day simple moving average of $18.75.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. Research analysts forecast that Capital Clean Energy Carriers Corp will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Thursday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio is 23.44%.

Institutional Trading of Capital Clean Energy Carriers

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC purchased a new position in shares of Capital Clean Energy Carriers in the 3rd quarter worth about $268,000. Larson Financial Group LLC bought a new stake in shares of Capital Clean Energy Carriers during the fourth quarter valued at approximately $41,000. Finally, LPL Financial LLC lifted its position 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 acquiring 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.