Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Short Interest Update

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 36,947 shares, a drop of 17.5% from the February 12th total of 44,809 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 9,091 shares, the days-to-cover ratio is presently 4.1 days. Based on an average trading volume of 9,091 shares, the days-to-cover ratio is presently 4.1 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, January 23rd. BTIG Research began 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 price objective for the company. Finally, Capital One Financial set a $25.00 price objective on Capital Clean Energy Carriers in a report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Capital Clean Energy Carriers currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.33.

Capital Clean Energy Carriers Stock Down 4.7%

Shares of NASDAQ CCEC opened at $19.85 on Wednesday. The stock has a market cap of $1.16 billion, a P/E ratio of 6.91 and a beta of 0.66. The firm has a 50 day moving average price of $21.64 and a 200 day moving average price of $21.34. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.42 and a current ratio of 0.86. Capital Clean Energy Carriers has a 52-week low of $14.09 and a 52-week high of $24.83.

Capital Clean Energy Carriers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Tuesday, February 3rd were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. Capital Clean Energy Carriers’s payout ratio is 20.91%.

Institutional Trading of Capital Clean Energy Carriers

A number of large investors have recently made changes to their positions in CCEC. Raymond James Financial Inc. acquired a new stake in Capital Clean Energy Carriers during the 2nd quarter worth $127,000. MGO One Seven LLC increased its holdings in shares of Capital Clean Energy Carriers by 11.8% in the third quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock worth $232,000 after acquiring an additional 1,087 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Capital Clean Energy Carriers in the third quarter worth about $382,000. Geode Capital Management LLC raised its position 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, Millennium Management LLC raised its position in shares of Capital Clean Energy Carriers by 2.5% during the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after purchasing an additional 651 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.