Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw an uptick in trading volume on Tuesday . 19,695 shares were traded during mid-day trading, an increase of 53% from the previous session’s volume of 12,877 shares.The stock last traded at $20.89 and had previously closed at $20.75.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCEC. Evercore ISI reduced their price objective on shares of Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Tuesday, October 14th. Three 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 company has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Capital Clean Energy Carriers Stock Down 1.9%

The company has a market capitalization of $1.19 billion, a P/E ratio of 5.22 and a beta of 0.64. The firm’s 50 day moving average price is $21.11 and its two-hundred day moving average price is $22.05. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. The firm had revenue of $99.51 million for the quarter, compared to analysts’ expectations of $105.91 million. Equities research analysts forecast that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Friday, February 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is currently 15.00%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Capital Clean Energy Carriers by 9.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock valued at $3,224,000 after buying an additional 12,097 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Capital Clean Energy Carriers in the 3rd quarter valued at about $382,000. MGO One Seven LLC lifted its stake in 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 purchasing an additional 1,087 shares during the last quarter. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers during the second quarter worth $127,000. Finally, Geode Capital Management LLC grew its stake in Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after buying an additional 1,621 shares during the last quarter.

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.