Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Price Down 3.7% - What's Next?

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

Capital Clean Energy Carriers Trading Down 0.3%

The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 1.72. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 7.08 and a beta of 0.42. The firm's 50-day moving average is $21.07 and its 200-day moving average is $19.50.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.19. Capital Clean Energy Carriers had a return on equity of 10.53% and a net margin of 57.50%. The company had revenue of $109.40 million during the quarter, compared to the consensus estimate of $105.77 million. As a group, sell-side analysts anticipate that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.57%. Capital Clean Energy Carriers's payout ratio is 18.18%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of large investors have recently made changes to their positions in CCEC. Exchange Traded Concepts LLC raised its position 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 buying an additional 3,758 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 valued at $281,000 after purchasing an additional 1,058 shares during the last quarter. LPL Financial LLC boosted its position in 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 buying an additional 1,339 shares during the period. Finally, Larson Financial Group LLC purchased a new stake in shares of Capital Clean Energy Carriers during the fourth quarter worth about $41,000.

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.