Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Down 1.1% - What's Next?

Key Points

• Capital Clean Energy Carriers' stock fell 1.1% to $21.35, with trading volume down 91% compared to its average.
• For the last quarter, the company reported earnings of $0.51 per share, exceeding estimates of $0.40, but revenue fell short at $104.20 million.
• The company announced a quarterly dividend of $0.15 per share, representing an annualized yield of 2.8% and a payout ratio of 18.81%.

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) were down 1.1% during trading on Monday . The company traded as low as $21.29 and last traded at $21.35. Approximately 2,411 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 27,652 shares. The stock had previously closed at $21.59.

Capital Clean Energy Carriers Price Performance

The business's 50-day moving average price is $23.04 and its 200 day moving average price is $20.94. 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 capitalization of $1.23 billion, a P/E ratio of 6.61 and a beta of 0.53.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released its quarterly earnings data 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 net margin of 55.58% and a return on equity of 10.70%. The company had revenue of $104.20 million during the quarter, compared to analyst estimates of $109.11 million. Analysts anticipate that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, August 4th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 4th. This represents a $0.60 annualized dividend and a yield of 2.8%. Capital Clean Energy Carriers's payout ratio is presently 18.81%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position 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 valued at $281,000 after purchasing an additional 1,058 shares during the last quarter. Exchange Traded Concepts LLC lifted its position 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 valued at $98,000 after purchasing an additional 3,758 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Capital Clean Energy Carriers during the second quarter valued at approximately $127,000. MGO One Seven LLC bought a new stake in Capital Clean Energy Carriers during the second quarter valued at approximately $216,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 during the last quarter.

Capital Clean Energy Carriers Company Profile

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.