Capital Clean Energy Carriers (NASDAQ:CCEC) Cut to Hold at Fearnley Fonds

Fearnley Fonds cut shares of Capital Clean Energy Carriers (NASDAQ:CCEC) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Separately, 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 price target on the stock.

Capital Clean Energy Carriers Stock Performance

NASDAQ CCEC opened at $18.49 on Monday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 7.22 and a beta of 0.83. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.80 and a quick ratio of 1.78. Capital Clean Energy Carriers has a 52-week low of $14.45 and a 52-week high of $20.26. The stock’s 50-day moving average is $18.52.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. As a group, analysts forecast that Capital Clean Energy Carriers will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Thursday, February 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Thursday, February 6th. Capital Clean Energy Carriers’s payout ratio is currently 23.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CCEC. LPL Financial LLC boosted its holdings in shares of Capital Clean Energy Carriers by 2.7% in the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $932,000 after acquiring an additional 1,339 shares during the period. Geode Capital Management LLC boosted its stake in Capital Clean Energy Carriers by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock worth $281,000 after purchasing an additional 1,058 shares during the period. RBF Capital LLC purchased a new position in Capital Clean Energy Carriers during the 3rd quarter valued at about $195,000. Finally, Larson Financial Group LLC bought a new stake in shares of Capital Clean Energy Carriers during the fourth quarter valued at about $41,000.

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.