Capital Clean Energy Carriers (NASDAQ:CCEC) Receives “Buy (B)” Rating from Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of Capital Clean Energy Carriers (NASDAQ:CCEC) in a research note issued to investors on Tuesday,Weiss Ratings reports.

Capital Clean Energy Carriers Price Performance

NASDAQ CCEC opened at $22.06 on Tuesday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 6.92 and a beta of 0.56. Capital Clean Energy Carriers has a 1 year low of $14.09 and a 1 year high of $24.83. The business’s fifty day moving average is $21.76 and its two-hundred day moving average is $21.57. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.64 and a current ratio of 1.66.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.11. The company had revenue of $104.20 million for the quarter, compared to analysts’ expectations of $109.11 million. Capital Clean Energy Carriers had a return on equity of 10.70% and a net margin of 55.58%. On average, research analysts forecast that Capital Clean Energy Carriers will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, August 4th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, August 4th. Capital Clean Energy Carriers’s payout ratio is presently 18.81%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its holdings in shares of Capital Clean Energy Carriers by 281.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company’s stock valued at $98,000 after acquiring an additional 3,758 shares in the last quarter. MGO One Seven LLC purchased a new position in shares of Capital Clean Energy Carriers during the 2nd quarter valued at $216,000. Geode Capital Management LLC grew its holdings in shares of Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after acquiring an additional 1,621 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 valued at $3,065,000 after acquiring an additional 49,075 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Capital Clean Energy Carriers during the 2nd quarter valued at $127,000.

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.