Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Strong Trading Volume - Here's Why

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) saw strong trading volume on Thursday . 69,431 shares were traded during trading, an increase of 277% from the previous session's volume of 18,405 shares.The stock last traded at $24.08 and had previously closed at $23.98.

Capital Clean Energy Carriers Stock Performance

The company has a 50-day moving average of $22.32 and a 200 day moving average of $19.88. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $1.41 billion, a PE ratio of 7.31 and a beta of 0.41.

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

Capital Clean Energy Carriers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.49%. The ex-dividend date was Monday, May 12th. Capital Clean Energy Carriers's dividend payout ratio (DPR) is currently 18.18%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its stake in Capital Clean Energy Carriers by 281.7% during the first quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock worth $98,000 after purchasing an additional 3,758 shares during the last quarter. Geode Capital Management LLC lifted its stake in Capital Clean Energy Carriers by 7.4% during the fourth 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 last quarter. LPL Financial LLC lifted its stake in Capital Clean Energy Carriers by 2.7% during the fourth 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. Finally, Larson Financial Group LLC bought a new stake in Capital Clean Energy Carriers during the fourth quarter worth about $41,000.

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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