Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Here’s What Happened

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) gapped down before the market opened on Thursday . The stock had previously closed at $21.68, but opened at $20.73. Capital Clean Energy Carriers shares last traded at $22.08, with a volume of 1,413 shares changing hands.

Analyst Upgrades and Downgrades

CCEC has been the topic of a number of research reports. Weiss Ratings upgraded Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Wall Street Zen upgraded Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th. Zacks Research upgraded Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group lifted 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 note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Capital Clean Energy Carriers currently has an average rating of “Hold” and a consensus target price of $24.75.

Capital Clean Energy Carriers Price Performance

The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $1.29 billion, a PE ratio of 11.69 and a beta of 0.63. The company has a fifty day moving average price of $21.24 and a two-hundred day moving average price of $21.02.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.08). Capital Clean Energy Carriers had a return on equity of 6.73% and a net margin of 28.02%.The business had revenue of $98.01 million for the quarter, compared to analyst estimates of $103.47 million. Sell-side analysts forecast that Capital Clean Energy Carriers Corp. will post 1.35 earnings per share for the current year.

Capital Clean Energy Carriers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were issued a dividend of $0.15 per share. 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 dividend payout ratio (DPR) is currently 31.75%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Capital Clean Energy Carriers during the 2nd quarter worth $127,000. Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers during the third quarter worth about $382,000. Geode Capital Management LLC raised 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 worth $414,000 after purchasing an additional 1,621 shares in the last quarter. Millennium Management LLC lifted its position 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Capital Clean Energy Carriers by 59.8% during the 2nd 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.