Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase – Should You Buy?

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) saw strong trading volume on Friday . 9,202 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 12,827 shares.The stock last traded at $18.56 and had previously closed at $18.14.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCEC. Raymond James started coverage on Capital Clean Energy Carriers in a report on Friday. They issued an “outperform” rating and a $26.00 target price on the stock. Fearnley Fonds upgraded shares of Capital Clean Energy Carriers to a “strong-buy” rating in a research note on Thursday, October 10th.

Capital Clean Energy Carriers Trading Up 1.9 %

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.68 and a quick ratio of 1.66. The business has a 50 day moving average of $18.39.

Capital Clean Energy Carriers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 11th. Capital Clean Energy Carriers’s payout ratio is presently 46.15%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

An institutional investor recently bought a new position in Capital Clean Energy Carriers stock. Geode Capital Management LLC purchased a new stake in shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,304 shares of the company’s stock, valued at approximately $268,000.

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.