Capital Clean Energy Carriers (NASDAQ:CCEC) Sets New 12-Month High - What's Next?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $20.70 and last traded at $19.45, with a volume of 44256 shares changing hands. The stock had previously closed at $19.75.

Wall Street Analysts Forecast Growth

CCEC has been the subject of a number of recent analyst reports. Fearnley Fonds cut 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 started coverage on Capital Clean Energy Carriers in a research report on Friday, January 24th. They issued an "outperform" rating and a $26.00 target price on the stock.

Capital Clean Energy Carriers Trading Up 2.4 %

The company has a debt-to-equity ratio of 1.82, a current ratio of 1.80 and a quick ratio of 1.78. The firm has a market cap of $1.20 billion, a PE ratio of 8.02 and a beta of 0.30. The company's 50 day moving average price is $18.82 and its 200 day moving average price is $18.63.

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

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 12th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.92%. Capital Clean Energy Carriers's dividend payout ratio (DPR) is presently 23.44%.

Institutional Trading of Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently made changes to their positions in CCEC. Geode Capital Management LLC purchased a new position in Capital Clean Energy Carriers during the 3rd quarter worth approximately $268,000. Larson Financial Group LLC purchased a new position in shares of Capital Clean Energy Carriers during the fourth quarter worth approximately $41,000. LPL Financial LLC increased its holdings in shares of Capital Clean Energy Carriers by 2.7% in the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company's stock valued at $932,000 after acquiring an additional 1,339 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in Capital Clean Energy Carriers by 281.7% in 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.

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.