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

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 traded.

Analyst Ratings Changes

CCEC has been the subject of a number of research analyst reports. Capital One Financial set a $25.00 target price on shares of Capital Clean Energy Carriers in a research note on Friday, December 19th. BTIG Research started coverage on shares of Capital Clean Energy Carriers in a report on Friday, December 19th. They issued a “buy” rating and a $25.00 price target for the company. Weiss Ratings downgraded Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, January 23rd. Finally, 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 research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.33.

Capital Clean Energy Carriers Trading Down 3.4%

The business’s 50 day simple moving average is $21.42 and its 200-day simple moving average is $21.32. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.44 and a quick ratio of 1.42. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, February 3rd. Capital Clean Energy Carriers’s dividend payout ratio is currently 15.00%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Capital Clean Energy Carriers by 9.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock valued at $3,224,000 after acquiring an additional 12,097 shares during the period. Millennium Management LLC increased its stake in 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 purchasing an additional 651 shares in the last quarter. Geode Capital Management LLC raised its holdings in Capital Clean Energy Carriers by 10.1% in 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. Squarepoint Ops LLC bought a new position in shares of Capital Clean Energy Carriers during the third quarter worth $382,000. Finally, MGO One Seven LLC grew its holdings in shares of 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 buying an additional 1,087 shares during the period.

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.