Capital Clean Energy Carriers (NASDAQ:CCEC) Trading Down 3.7% - Time to Sell?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) fell 3.7% on Tuesday . The company traded as low as $22.34 and last traded at $22.89. 1,536 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 17,239 shares. The stock had previously closed at $23.76.

Capital Clean Energy Carriers Price Performance

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 stock's 50-day moving average price is $21.29 and its 200-day moving average price is $19.56. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 6.98 and a beta of 0.42.

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

Capital Clean Energy Carriers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Monday, May 12th. Capital Clean Energy Carriers's dividend payout ratio is 18.18%.

Institutional Trading of Capital Clean Energy Carriers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its position in shares of Capital Clean Energy Carriers by 281.7% during 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 period. Geode Capital Management LLC grew its holdings in Capital Clean Energy Carriers by 7.4% during the 4th 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. LPL Financial LLC raised its position in shares of Capital Clean Energy Carriers by 2.7% during the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company's stock valued at $932,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of Capital Clean Energy Carriers in the 4th quarter valued at $41,000.

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.