Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Here’s Why

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) gapped down prior to trading on Friday . The stock had previously closed at $19.12, but opened at $18.51. Capital Clean Energy Carriers shares last traded at $18.96, with a volume of 433 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on CCEC. Raymond James began coverage on shares of Capital Clean Energy Carriers in a report on Friday, January 24th. They issued an “outperform” rating and a $26.00 price objective on the stock. Fearnley Fonds raised shares of Capital Clean Energy Carriers to a “strong-buy” rating in a research report on Thursday, October 10th.

Capital Clean Energy Carriers Price Performance

The firm’s fifty day moving average is $18.39. The stock has a market cap of $1.06 billion, a PE ratio of 14.75 and a beta of 0.83. The company has a current ratio of 1.68, a quick ratio of 1.66 and a debt-to-equity ratio of 2.04.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Thursday, February 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.60 annualized dividend and a yield of 3.13%. Capital Clean Energy Carriers’s payout ratio is 46.15%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

An institutional investor recently bought a new position in Capital Clean Energy Carriers stock. RBF Capital LLC bought a new stake in shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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.