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

Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $23.24, but opened at $22.40. Capital Clean Energy Carriers shares last traded at $23.22, with a volume of 1,036 shares changing hands.

Analyst Upgrades and Downgrades

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

Capital Clean Energy Carriers Stock Performance

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 company has a market capitalization of $1.33 billion, a PE ratio of 9.00 and a beta of 0.30. The firm's fifty day simple moving average is $19.46 and its 200 day simple moving average is $18.90.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating 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 company had revenue of $109.40 million for the quarter, compared to analyst estimates of $105.77 million. On average, research analysts predict that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

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 2.63%. The ex-dividend date was Monday, May 12th. Capital Clean Energy Carriers's payout ratio is 18.18%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several hedge funds have recently added to or reduced their stakes in CCEC. Larson Financial Group LLC purchased a new stake in Capital Clean Energy Carriers in the fourth quarter valued at $41,000. 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 acquiring an additional 3,758 shares during the period. Geode Capital Management LLC raised its position in shares of 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 worth $281,000 after acquiring an additional 1,058 shares during the period. Finally, LPL Financial LLC raised its position in shares of Capital Clean Energy Carriers by 2.7% in the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company's stock worth $932,000 after acquiring an additional 1,339 shares during the period.

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.