Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase - Here's What Happened

Key Points

• Capital Clean Energy Carriers Corp. experienced a significant trading volume surge of 370% on Tuesday, with approximately 123,559 shares traded compared to 26,303 shares the previous session.
• The company recently reported quarterly earnings of $0.55 per share, surpassing analyst expectations of $0.36, while revenue also exceeded estimates at $109.4 million.
• Capital Clean Energy Carriers announced a quarterly dividend of $0.15 per share, representing an annual yield of 2.48% and a payout ratio of 18.18%.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 123,559 shares traded hands during trading, an increase of 370% from the previous session's volume of 26,303 shares.The stock last traded at $24.26 and had previously closed at $24.05.

Capital Clean Energy Carriers Stock Up 0.7%

The firm has a market cap of $1.41 billion, a P/E ratio of 7.34 and a beta of 0.41. The business's fifty day moving average price is $23.20 and its two-hundred day moving average price is $20.41. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 1.72.

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

Capital Clean Energy Carriers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Monday, August 4th. Capital Clean Energy Carriers's payout ratio is 18.18%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of institutional investors have recently modified their holdings of the stock. MGO One Seven LLC acquired a new position in shares of Capital Clean Energy Carriers in the 2nd quarter valued at $216,000. Exchange Traded Concepts LLC lifted its holdings 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 purchasing an additional 3,758 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 valued at $281,000 after purchasing an additional 1,058 shares during the period. Finally, LPL Financial LLC increased its stake in Capital Clean Energy Carriers by 2.7% during the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company's stock worth $932,000 after purchasing an additional 1,339 shares in the last quarter.

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.

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