Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Unusually-High Trading Volume – Here’s Why

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) shares saw unusually-strong trading volume on Thursday . Approximately 12,982 shares were traded during trading, an increase of 28% from the previous session’s volume of 10,109 shares.The stock last traded at $18.81 and had previously closed at $18.47.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCEC. Raymond James started coverage on Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an “outperform” rating and a $26.00 target price for the company. Fearnley Fonds upgraded shares of Capital Clean Energy Carriers to a “strong-buy” rating in a report on Thursday, October 10th.

Capital Clean Energy Carriers Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.68 and a debt-to-equity ratio of 2.04. The business has a 50 day simple moving average of $18.38. The stock has a market capitalization of $1.06 billion, a P/E ratio of 14.70 and a beta of 0.83.

Capital Clean Energy Carriers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, February 6th. Capital Clean Energy Carriers’s payout ratio is presently 46.15%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Capital Clean Energy Carriers stock. RBF Capital LLC acquired a new stake in shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,376 shares of the company’s stock, valued at approximately $195,000.

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.