Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Down 1.1% - Here's Why

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%.

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

Capital Clean Energy Carriers Trading Down 1.2%

The firm's 50 day moving average price is $22.98 and its 200-day moving average price is $20.99. The stock has a market cap of $1.23 billion, a P/E ratio of 6.61 and a beta of 0.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.66 and a quick ratio of 1.64.

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

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared 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 was Monday, August 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.8%. Capital Clean Energy Carriers's payout ratio is currently 18.81%.

Institutional Trading of Capital Clean Energy Carriers

Large investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC grew its stake in shares of 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 worth $98,000 after acquiring an additional 3,758 shares during the period. Geode Capital Management LLC grew its stake in shares of Capital Clean Energy Carriers by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company's stock worth $281,000 after acquiring an additional 1,058 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 worth $3,065,000 after acquiring an additional 49,075 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Capital Clean Energy Carriers in the second quarter worth approximately $127,000. Finally, MGO One Seven LLC bought a new stake in shares of Capital Clean Energy Carriers in the second quarter worth 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.