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

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $23.37, but opened at $22.81. Capital Clean Energy Carriers shares last traded at $23.85, with a volume of 1,008 shares changing hands.

Capital Clean Energy Carriers Trading Down 2.7%

The firm has a market capitalization of $1.34 billion, a PE ratio of 14.47 and a beta of 0.42. 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 stock's fifty day simple moving average is $21.39 and its 200 day simple moving average is $19.60.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.19. The company had revenue of $109.40 million during the quarter, compared to the consensus estimate of $105.77 million. Capital Clean Energy Carriers had a return on equity of 10.53% and a net margin of 57.50%. On average, sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.61%. Capital Clean Energy Carriers's dividend payout ratio (DPR) is presently 18.18%.

Institutional Trading of Capital Clean Energy Carriers

Institutional investors and hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in 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 buying an additional 3,758 shares in the last quarter. Geode Capital Management LLC grew 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 worth $281,000 after purchasing an additional 1,058 shares in the last quarter. LPL Financial LLC raised its stake 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 purchasing an additional 1,339 shares during the period. Finally, Larson Financial Group LLC purchased a new position in Capital Clean Energy Carriers in the 4th quarter worth approximately $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.