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

Key Points

• Capital Clean Energy Carriers (NASDAQ: CCEC) experienced a significant increase in trading volume, with 15,319 shares traded, up 11% from the previous session.
• The company reported earnings of $0.51 per share for the last quarter, surpassing analysts' expectations, despite total revenues falling short of estimates at $104.20 million.
• A quarterly dividend of $0.15 per share was paid to stockholders, representing an annualized dividend yield of 2.6% with a payout ratio of 18.81%.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) shares saw strong trading volume on Wednesday . 15,319 shares traded hands during mid-day trading, an increase of 11% from the previous session's volume of 13,777 shares.The stock last traded at $22.88 and had previously closed at $21.77.

Capital Clean Energy Carriers Price Performance

The company has a market cap of $1.33 billion, a P/E ratio of 7.16 and a beta of 0.51. The stock has a 50-day simple moving average of $22.05 and a 200 day simple moving average of $21.41. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.64 and a current ratio of 1.66.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, beating 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 business had revenue of $104.20 million during the quarter, compared to analyst estimates of $109.11 million. On average, equities analysts expect that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, August 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.6%. 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 Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Capital Clean Energy Carriers by 59.8% during 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 purchasing an additional 49,075 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company's stock worth $414,000 after buying an additional 1,621 shares during the period. MGO One Seven LLC acquired a new stake in Capital Clean Energy Carriers in the 2nd quarter valued at $216,000. Raymond James Financial Inc. bought a new stake in Capital Clean Energy Carriers in the second quarter valued at $127,000. Finally, Exchange Traded Concepts LLC raised 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 acquiring an additional 3,758 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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