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

Key Points

• Capital Clean Energy Carriers Corp. experienced a 109% increase in trading volume with approximately 24,409 shares traded on Thursday, compared to 11,696 shares the previous session.
• The company reported $0.51 earnings per share for the last quarter, exceeding the consensus estimate of $0.40, despite revenue falling short at $104.20 million.
• Capital Clean Energy Carriers declared a quarterly dividend of $0.15, reflecting a 2.6% dividend yield and a low payout ratio of 18.81%.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 24,409 shares traded hands during mid-day trading, an increase of 109% from the previous session's volume of 11,696 shares.The stock last traded at $22.66 and had previously closed at $22.70.

Capital Clean Energy Carriers Price Performance

The company has a 50 day moving average price of $22.19 and a 200-day moving average price of $21.32. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 1.68. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 7.11 and a beta of 0.51.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.11. Capital Clean Energy Carriers had a return on equity of 10.70% and a net margin of 55.58%.The company had revenue of $104.20 million during the quarter, compared to the consensus estimate of $109.11 million. As a group, equities research analysts predict that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, August 4th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.6%. Capital Clean Energy Carriers's dividend payout ratio is currently 18.81%.

Institutional Trading of Capital Clean Energy Carriers

Institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC boosted its holdings in Capital Clean Energy Carriers by 281.7% in the first 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Capital Clean Energy Carriers by 59.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company's stock valued at $3,065,000 after acquiring an additional 49,075 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Capital Clean Energy Carriers by 10.1% in the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company's stock valued at $414,000 after acquiring an additional 1,621 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Capital Clean Energy Carriers in the second quarter valued at approximately $127,000. Finally, MGO One Seven LLC bought a new stake in Capital Clean Energy Carriers in the second quarter valued at approximately $216,000.

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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