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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $21.47, but opened at $20.98. Capital Clean Energy Carriers shares last traded at $21.00, with a volume of 1,385 shares traded.

Capital Clean Energy Carriers Trading Up 4.5%

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 company has a market capitalization of $1.37 billion, a P/E ratio of 14.77 and a beta of 0.42. The firm's 50-day moving average price is $20.56 and its 200 day moving average price is $19.33.

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

Capital Clean Energy Carriers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors 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 annualized dividend and a yield of 2.56%. Capital Clean Energy Carriers's dividend payout ratio (DPR) is currently 18.18%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Large investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its stake in shares of Capital Clean Energy Carriers by 281.7% in the 1st 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. Geode Capital Management LLC lifted its position in shares of 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 in the last quarter. LPL Financial LLC boosted its holdings 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 purchasing an additional 1,339 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in Capital Clean Energy Carriers in the 4th quarter worth about $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.