Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase - Time to Buy?

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%.

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) saw strong trading volume on Tuesday . 123,559 shares were traded 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 Trading Down 3.2%

The stock has a market cap of $1.31 billion, a P/E ratio of 7.01 and a beta of 0.41. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.83 and a quick ratio of 1.81. The business's 50 day simple moving average is $23.19 and its 200 day simple moving average is $20.52.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.40 by $0.11. The business had revenue of $104.20 million for the quarter, compared to the consensus estimate of $109.11 million. Capital Clean Energy Carriers had a return on equity of 10.91% and a net margin of 55.58%. On average, analysts expect that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, August 4th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 4th. Capital Clean Energy Carriers's payout ratio is 18.81%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its position in Capital Clean Energy Carriers by 2.7% in 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 during the last quarter. Geode Capital Management LLC raised its position 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 acquiring an additional 1,058 shares during the last quarter. MGO One Seven LLC bought a new stake in shares of Capital Clean Energy Carriers during the 2nd quarter valued at $216,000. Finally, Exchange Traded Concepts LLC raised its position 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 acquiring an additional 3,758 shares during 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.