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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw strong trading volume on Monday . 3,489 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 4,806 shares.The stock last traded at $20.4850 and had previously closed at $20.09.

Wall Street Analysts Forecast Growth

CCEC has been the subject of several research reports. BTIG Research started coverage on shares of Capital Clean Energy Carriers in a research report on Friday, December 19th. They issued a “buy” rating and a $25.00 target price for the company. Evercore ISI decreased their target price on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research report on Tuesday, October 14th. Finally, Capital One Financial set a $25.00 price target on shares of Capital Clean Energy Carriers in a research report on Friday, December 19th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Capital Clean Energy Carriers presently has an average rating of “Moderate Buy” and an average target price of $25.50.

Capital Clean Energy Carriers Stock Performance

The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57. The firm has a market cap of $1.21 billion, a PE ratio of 5.19 and a beta of 0.63. The firm’s 50 day simple moving average is $20.55 and its 200 day simple moving average is $21.74.

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

Capital Clean Energy Carriers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Friday, February 6th will be paid 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 payout ratio is 15.00%.

Institutional Trading of Capital Clean Energy Carriers

A number of institutional investors have recently bought and sold shares of the stock. MGO One Seven LLC acquired a new position in Capital Clean Energy Carriers in the 2nd quarter worth approximately $216,000. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 1,621 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Capital Clean Energy Carriers by 59.8% during 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 acquiring an additional 49,075 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Capital Clean Energy Carriers during the second quarter worth $127,000. Finally, Squarepoint Ops LLC acquired a new stake in Capital Clean Energy Carriers in the 3rd quarter valued at about $382,000.

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. 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.