Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $22.70, but opened at $21.43. Capital Clean Energy Carriers shares last traded at $22.57, with a volume of 1,913 shares trading hands.
Capital Clean Energy Carriers Price Performance
The business has a 50 day simple moving average of $22.22 and a 200-day simple moving average of $21.31. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $1.28 billion, a P/E ratio of 6.86 and a beta of 0.51.
Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, beating 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 business had revenue of $104.20 million for the quarter, compared to analysts' expectations of $109.11 million. Analysts predict that Capital Clean Energy Carriers Corp. will post 1.66 EPS for the current fiscal year.
Capital Clean Energy Carriers Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, August 4th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, August 4th. Capital Clean Energy Carriers's payout ratio is currently 18.81%.
Institutional Investors Weigh In On Capital Clean Energy Carriers
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its holdings in Capital Clean Energy Carriers by 281.7% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Capital Clean Energy Carriers by 59.8% during 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. Geode Capital Management LLC grew its holdings in Capital Clean Energy Carriers by 10.1% during the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company's stock worth $414,000 after acquiring an additional 1,621 shares during the period. Raymond James Financial Inc. acquired a new position in Capital Clean Energy Carriers during the second quarter worth about $127,000. Finally, MGO One Seven LLC acquired a new position in Capital Clean Energy Carriers during the second quarter worth about $216,000.
Capital Clean Energy Carriers Company Profile
(
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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.
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