Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Should You Sell?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $18.43, but opened at $16.77. Capital Clean Energy Carriers shares last traded at $17.59, with a volume of 251 shares.

Wall Street Analysts Forecast Growth

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

Capital Clean Energy Carriers Stock Performance

The firm’s fifty day moving average price is $18.75 and its two-hundred day moving average price is $18.67. The stock has a market capitalization of $1.04 billion, a PE ratio of 6.92 and a beta of 0.52. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.82.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share 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, equities research analysts forecast that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.38%. Capital Clean Energy Carriers’s payout ratio is currently 23.44%.

Institutional Trading of Capital Clean Energy Carriers

A number of institutional investors have recently made changes to their positions in CCEC. Geode Capital Management LLC purchased a new position in Capital Clean Energy Carriers in the 3rd quarter valued at $268,000. Exchange Traded Concepts LLC lifted its stake in shares of Capital Clean Energy Carriers by 281.7% in the first quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company’s stock worth $98,000 after buying an additional 3,758 shares in the last quarter. Larson Financial Group LLC acquired a new position in Capital Clean Energy Carriers during the fourth quarter worth about $41,000. Finally, LPL Financial LLC boosted its position in 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.

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.