Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase – What’s Next?

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw an uptick in trading volume on Thursday . 19,396 shares traded hands during trading, an increase of 132% from the previous session’s volume of 8,359 shares.The stock last traded at $23.45 and had previously closed at $21.85.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCEC. Weiss Ratings restated a “hold (c)” rating on shares of Capital Clean Energy Carriers in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group boosted their price target on shares of Capital Clean Energy Carriers from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Capital Clean Energy Carriers presently has a consensus rating of “Hold” and an average target price of $24.75.

Capital Clean Energy Carriers Price Performance

The company’s 50 day moving average price is $20.60 and its 200-day moving average price is $20.94. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 11.75 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.38 and a current ratio of 1.39.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). The business had revenue of $98.01 million during the quarter, compared to analyst estimates of $103.48 million. Capital Clean Energy Carriers had a return on equity of 6.73% and a net margin of 28.02%. On average, equities research analysts forecast that Capital Clean Energy Carriers Corp. will post 1.35 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. Capital Clean Energy Carriers’s payout ratio is currently 31.75%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its position 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 worth $547,000 after acquiring an additional 651 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Capital Clean Energy Carriers in the second quarter worth approximately $127,000. Squarepoint Ops LLC purchased a new position in shares of Capital Clean Energy Carriers in the third quarter worth approximately $382,000. Geode Capital Management LLC boosted 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $3,065,000 after purchasing an additional 49,075 shares during the period.

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.