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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw strong trading volume on Friday . 15,168 shares changed hands during mid-day trading, an increase of 189% from the previous session’s volume of 5,245 shares.The stock last traded at $22.6250 and had previously closed at $21.76.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CCEC shares. BTIG Research assumed coverage on Capital Clean Energy Carriers in a report on Friday, December 19th. They set a “buy” rating and a $25.00 price objective on the stock. Evercore dropped their price target on 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. Capital One Financial set a $25.00 price objective on Capital Clean Energy Carriers in a research note on Friday, December 19th. Finally, Weiss Ratings downgraded Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Capital Clean Energy Carriers presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.33.

Capital Clean Energy Carriers Trading Up 4.5%

The company has a 50 day simple moving average of $21.06 and a 200 day simple moving average of $21.32. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $1.33 billion, a PE ratio of 5.68 and a beta of 0.66.

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.6%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is currently 15.00%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $3,224,000 after acquiring an additional 12,097 shares during the period. 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. Squarepoint Ops LLC acquired a new stake in Capital Clean Energy Carriers in the third quarter valued at about $382,000. MGO One Seven LLC lifted its position in 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 valued at $232,000 after purchasing an additional 1,087 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Capital Clean Energy Carriers in the 2nd quarter valued at approximately $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. 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.