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 $18.68, but opened at $18.20. Capital Clean Energy Carriers shares last traded at $18.20, with a volume of 603 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CCEC shares. Evercore ISI initiated coverage on Capital Clean Energy Carriers in a research note on Thursday, September 5th. They set an “outperform” rating and a $22.00 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 stock has a market capitalization of $1.02 billion, a P/E ratio of 14.22 and a beta of 0.85. The company’s 50-day moving average is $18.59. 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 was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.60 annualized dividend and a yield of 3.25%. Capital Clean Energy Carriers’s dividend payout ratio is currently 46.15%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A hedge fund recently bought a new stake in Capital Clean Energy Carriers stock. RBF Capital LLC acquired a new position in Capital Clean Energy Carriers Corp (NASDAQ:CCEC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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.