Capital Clean Energy Carriers (NASDAQ:CCEC) Sets New 1-Year High – Should You Buy?

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.75 and last traded at $19.94, with a volume of 214 shares. The stock had previously closed at $19.65.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CCEC. Fearnley Fonds cut Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a report on Monday, February 17th. Raymond James began coverage on Capital Clean Energy Carriers in a report on Friday, January 24th. They issued an “outperform” rating and a $26.00 target price on the stock.

Capital Clean Energy Carriers Stock Down 0.3 %

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 7.79 and a beta of 0.77. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.82. The stock has a fifty day moving average of $18.73 and a two-hundred day moving average of $18.53.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. As a group, analysts predict that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio is presently 23.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CCEC. Larson Financial Group LLC acquired a new position in shares of Capital Clean Energy Carriers during the fourth quarter worth about $41,000. RBF Capital LLC purchased a new stake in shares of Capital Clean Energy Carriers during the third quarter worth about $195,000. Geode Capital Management LLC purchased a new stake in shares of Capital Clean Energy Carriers during the third quarter worth about $268,000. Finally, LPL Financial LLC increased its position in shares of Capital Clean Energy Carriers by 2.7% during the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $932,000 after acquiring an additional 1,339 shares during the last quarter.

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.