Capital Clean Energy Carriers (NASDAQ:CCEC) Hits New 52-Week High - Here's What Happened

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $23.94 and last traded at $23.57, with a volume of 34913 shares. The stock had previously closed at $23.49.

Analyst Ratings Changes

Several research firms recently issued reports on CCEC. Fearnley Fonds downgraded shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 17th. Raymond James began coverage on shares of 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 Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.82. The stock has a market cap of $1.38 billion, a PE ratio of 9.21 and a beta of 0.30. The business has a 50-day moving average price of $19.17 and a 200 day moving average price of $18.77.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.19. The firm had revenue of $109.40 million for the quarter, compared to the consensus estimate of $105.77 million. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. As a group, research analysts forecast that Capital Clean Energy Carriers Corp will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were paid a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.55%. Capital Clean Energy Carriers's dividend payout ratio is currently 18.18%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently bought and sold shares of CCEC. Larson Financial Group LLC purchased a new stake in Capital Clean Energy Carriers in the fourth quarter worth approximately $41,000. Exchange Traded Concepts LLC grew its holdings in shares of Capital Clean Energy Carriers by 281.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock valued at $98,000 after purchasing an additional 3,758 shares during the last quarter. Geode Capital Management LLC raised its position in Capital Clean Energy Carriers by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 15,362 shares of the company's stock worth $281,000 after purchasing an additional 1,058 shares during the period. Finally, LPL Financial LLC raised its position in Capital Clean Energy Carriers by 2.7% in the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company's stock worth $932,000 after purchasing an additional 1,339 shares during the period.

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.

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