Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – What’s Next?

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) gapped down prior to trading on Thursday . The stock had previously closed at $18.71, but opened at $17.39. Capital Clean Energy Carriers shares last traded at $17.5740, with a volume of 6,602 shares traded.

Analysts Set New Price Targets

Several analysts have recently issued reports on CCEC shares. BTIG Research started coverage on shares of Capital Clean Energy Carriers in a research note on Friday, December 19th. They set a “buy” rating and a $25.00 price objective for the company. Weiss Ratings cut shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, January 23rd. Zacks Research cut shares of Capital Clean Energy Carriers from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. Finally, Capital One Financial set a $25.00 price objective on shares of Capital Clean Energy Carriers in a research note on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.33.

Capital Clean Energy Carriers Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $1.02 billion, a PE ratio of 6.07 and a beta of 0.68. The company’s 50 day moving average price is $21.15 and its 200-day moving average price is $21.14.

Capital Clean Energy Carriers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. Capital Clean Energy Carriers’s payout ratio is presently 20.91%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Several hedge funds and other institutional investors have recently made changes to their positions in CCEC. Raymond James Financial Inc. acquired a new position in shares of Capital Clean Energy Carriers during the 2nd quarter valued at $127,000. MGO One Seven LLC lifted its holdings in shares of Capital Clean Energy Carriers by 11.8% during the 3rd quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock valued at $232,000 after acquiring an additional 1,087 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers during the 3rd quarter valued at $382,000. Geode Capital Management LLC lifted its holdings in shares of Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after acquiring an additional 1,621 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Capital Clean Energy Carriers by 2.5% during the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after acquiring an additional 651 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. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.