Capital Clean Energy Carriers (NASDAQ:CCEC) Sets New 52-Week High - Here's Why

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CCEC. Fearnley Fonds lowered Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 17th. Raymond James initiated coverage on shares of Capital Clean Energy Carriers in a research note on Friday, January 24th. They set an "outperform" rating and a $26.00 price target for the company.

Capital Clean Energy Carriers Trading Up 2.1 %

The business has a fifty day moving average of $18.75 and a two-hundred day moving average of $18.62. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 8.02 and a beta of 0.30. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.78 and a current ratio of 1.80.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.40 by $0.15. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. As a group, equities analysts expect that Capital Clean Energy Carriers Corp will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 12th will be issued 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 23.44%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Several institutional investors and hedge funds have recently bought and sold shares of CCEC. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 1,058 shares in the last quarter. LPL Financial LLC lifted 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 purchasing an additional 1,339 shares during the last quarter. Larson Financial Group LLC bought a new stake in Capital Clean Energy Carriers in the fourth quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC raised its stake in Capital Clean Energy Carriers by 281.7% during the first quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock valued at $98,000 after buying an additional 3,758 shares in 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.