Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Price Down 5% – Here’s Why

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) fell 5% during trading on Thursday . The company traded as low as $17.55 and last traded at $17.55. 3,225 shares were traded during trading, a decline of 94% from the average session volume of 56,097 shares. The stock had previously closed at $18.47.

Analyst Ratings Changes

Several equities analysts recently issued reports on CCEC shares. Fearnley Fonds upgraded shares of Capital Clean Energy Carriers to a “strong-buy” rating in a research note on Thursday, October 10th. Evercore ISI initiated coverage on shares of Capital Clean Energy Carriers in a research report on Thursday, September 5th. They issued an “outperform” rating and a $22.00 price objective for the company.

Capital Clean Energy Carriers Stock Down 1.7 %

The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.66 and a current ratio of 1.68. The stock has a 50-day moving average of $18.65. The firm has a market cap of $1.01 billion, a P/E ratio of 13.97 and a beta of 0.85.

Capital Clean Energy Carriers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.30%. The ex-dividend date was Monday, November 11th. Capital Clean Energy Carriers’s payout ratio is 46.15%.

Institutional Trading of Capital Clean Energy Carriers

An institutional investor recently bought a new position in Capital Clean Energy Carriers stock. RBF Capital LLC purchased a new stake in Capital Clean Energy Carriers Corp (NASDAQ:CCEC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,376 shares of the company’s stock, valued at approximately $195,000.

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.