Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase – Time to Buy?

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw strong trading volume on Tuesday . 19,695 shares were traded during trading, an increase of 53% from the previous session’s volume of 12,877 shares.The stock last traded at $20.89 and had previously closed at $20.75.

Analyst Ratings Changes

Several brokerages recently commented on CCEC. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Tuesday, October 14th. Evercore ISI dropped 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Capital Clean Energy Carriers Trading Up 1.0%

The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.26 and a beta of 0.64. The company has a fifty day moving average of $21.05 and a two-hundred day moving average of $22.02. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $99.51 million for the quarter, compared to the consensus estimate of $105.91 million. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. On average, research analysts expect that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Friday, February 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.9%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is 15.00%.

Institutional Trading of Capital Clean Energy Carriers

A number of hedge funds have recently made changes to their positions in CCEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 valued at $3,065,000 after buying an additional 49,075 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Capital Clean Energy Carriers during the third quarter valued at $382,000. MGO One Seven LLC acquired a new position in Capital Clean Energy Carriers during the 2nd quarter worth about $216,000. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers during the 2nd quarter worth approximately $127,000. Finally, Geode Capital Management LLC boosted its position in 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 valued at $414,000 after acquiring an additional 1,621 shares during 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.