Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down - Should You Sell?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $23.10, but opened at $22.49. Capital Clean Energy Carriers shares last traded at $22.40, with a volume of 1,567 shares.

Analysts Set New Price Targets

Separately, Fearnley Fonds downgraded shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 17th.

Capital Clean Energy Carriers Trading Up 0.3%

The firm's 50 day moving average price is $19.91 and its 200-day moving average price is $19.11. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.80 and a quick ratio of 1.78. The stock has a market cap of $1.29 billion, a P/E ratio of 8.64 and a beta of 0.30.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released its quarterly earnings results 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. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. The business had revenue of $109.40 million for the quarter, compared to the consensus estimate of $105.77 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Monday, May 12th. Capital Clean Energy Carriers's dividend payout ratio is presently 18.18%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake 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 valued at $281,000 after acquiring an additional 1,058 shares during the period. LPL Financial LLC lifted its position in Capital Clean Energy Carriers by 2.7% during the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company's stock worth $932,000 after buying an additional 1,339 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Capital Clean Energy Carriers in the 4th quarter valued at $41,000. Finally, 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 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.