Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Strong Trading Volume - Should You Buy?

Key Points

• Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) experienced a significant trading volume surge of 33% on Thursday, with approximately 16,813 shares** trading hands.
• The company reported quarterly earnings of $0.51 per share, surpassing analyst expectations of $0.40, despite revenue falling short of estimates at $104.20 million.
• CCEC recently declared a quarterly dividend of $0.15 per share, representing an annualized yield of 2.8% and a dividend payout ratio of 18.81%.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 16,813 shares traded hands during mid-day trading, an increase of 33% from the previous session's volume of 12,679 shares.The stock last traded at $21.52 and had previously closed at $21.50.

Capital Clean Energy Carriers Price Performance

The company has a fifty day simple moving average of $22.64 and a two-hundred day simple moving average of $21.12. 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 $1.26 billion, a price-to-earnings ratio of 6.75 and a beta of 0.51.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $104.20 million for the quarter, compared to analyst estimates of $109.11 million. On average, equities research analysts anticipate that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, August 4th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 4th. Capital Clean Energy Carriers's dividend payout ratio (DPR) is presently 18.81%.

Institutional Trading of Capital Clean Energy Carriers

A number of hedge funds have recently added to or reduced their stakes in CCEC. Exchange Traded Concepts LLC boosted its stake in Capital Clean Energy Carriers by 281.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock worth $98,000 after buying an additional 3,758 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Capital Clean Energy Carriers in the 2nd quarter worth about $127,000. MGO One Seven LLC purchased a new position in shares of Capital Clean Energy Carriers in the 2nd quarter worth about $216,000. Geode Capital Management LLC raised its holdings in shares of Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company's stock worth $414,000 after purchasing an additional 1,621 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Capital Clean Energy Carriers by 59.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company's stock worth $3,065,000 after purchasing an additional 49,075 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.