Capital Clean Energy Carriers (NASDAQ:CCEC) Hits New 52-Week High - Here's Why

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $24.50 and last traded at $24.32, with a volume of 7298 shares trading hands. The stock had previously closed at $24.23.

Capital Clean Energy Carriers Price Performance

The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.50 and a beta of 0.41. The company has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $19.98. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 1.72.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.19. Capital Clean Energy Carriers had a net margin of 57.50% and a return on equity of 10.53%. The firm had revenue of $109.40 million during the quarter, compared to the consensus estimate of $105.77 million. On average, equities research analysts expect that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.42%. Capital Clean Energy Carriers's payout ratio is 18.18%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC boosted its stake in shares of Capital Clean Energy Carriers by 281.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock valued at $98,000 after buying an additional 3,758 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Capital Clean Energy Carriers by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 15,362 shares of the company's stock valued at $281,000 after buying an additional 1,058 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Capital Clean Energy Carriers by 2.7% during the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company's stock valued at $932,000 after buying an additional 1,339 shares during the last quarter.

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.

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