Capital Clean Energy Carriers (NASDAQ:CCEC) Hits New 52-Week High - Should You Buy?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $21.39 and last traded at $21.39, with a volume of 58353 shares traded. The stock had previously closed at $19.95.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Raymond James assumed 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. Fearnley Fonds cut shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 17th.

Capital Clean Energy Carriers Trading Up 2.1%

The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.78 and a current ratio of 1.80. The stock has a market capitalization of $1.33 billion, a P/E ratio of 8.93 and a beta of 0.30. The firm's fifty day simple moving average is $19.01 and its 200 day simple moving average is $18.70.

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

Capital Clean Energy Carriers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, May 12th. Capital Clean Energy Carriers's dividend payout ratio is currently 18.18%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC bought a new stake in Capital Clean Energy Carriers during the 4th quarter worth approximately $41,000. Exchange Traded Concepts LLC lifted its position 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 acquiring an additional 3,758 shares during the period. Geode Capital Management LLC increased its stake in Capital Clean Energy Carriers by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 15,362 shares of the company's stock valued at $281,000 after purchasing an additional 1,058 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Capital Clean Energy Carriers by 2.7% during the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company's stock valued at $932,000 after purchasing an additional 1,339 shares in 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.