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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) shares saw strong trading volume on Friday . 5,883 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 7,222 shares.The stock last traded at $21.1050 and had previously closed at $21.03.

Wall Street Analysts Forecast Growth

Several analysts have commented on CCEC shares. Capital One Financial set a $25.00 price target on Capital Clean Energy Carriers in a report on Friday, December 19th. Evercore ISI cut 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. BTIG Research initiated coverage on Capital Clean Energy Carriers in a research note on Friday, December 19th. They set a “buy” rating and a $25.00 target price for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research note on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Capital Clean Energy Carriers currently has an average rating of “Moderate Buy” and an average price target of $25.50.

Capital Clean Energy Carriers Price Performance

The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 5.29 and a beta of 0.64. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 1.44. The company’s fifty day moving average price is $20.80 and its 200 day moving average price is $21.90.

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

Capital Clean Energy Carriers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, February 6th. Capital Clean Energy Carriers’s payout ratio is presently 15.00%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Hedge funds and other institutional investors have recently made changes to their positions in the business. MGO One Seven LLC bought a new position in Capital Clean Energy Carriers in the 2nd quarter worth approximately $216,000. Geode Capital Management LLC grew its stake in shares of 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 worth $414,000 after purchasing an additional 1,621 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Capital Clean Energy Carriers by 59.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after acquiring an additional 49,075 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Capital Clean Energy Carriers in the second quarter worth $127,000. Finally, Squarepoint Ops LLC bought a new position in Capital Clean Energy Carriers during the third quarter valued at approximately $382,000.

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.