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

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 $23.37, but opened at $22.81. Capital Clean Energy Carriers shares last traded at $23.85, with a volume of 1,008 shares.

Capital Clean Energy Carriers Trading Up 0.0%

The business has a 50 day moving average of $21.17 and a 200 day moving average of $19.52. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 7.08 and a beta of 0.42. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.83 and a quick ratio of 1.81.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.19. The firm had revenue of $109.40 million for the quarter, compared to analysts' expectations 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, research analysts predict that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Monday, May 12th. Capital Clean Energy Carriers's dividend payout ratio is currently 18.18%.

Institutional Trading of Capital Clean Energy Carriers

Several hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC increased its holdings 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. Geode Capital Management LLC grew its position in shares of Capital Clean Energy Carriers by 7.4% in the 4th 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 during the period. Larson Financial Group LLC bought a new stake in Capital Clean Energy Carriers during the 4th quarter worth approximately $41,000. Finally, LPL Financial LLC raised its holdings 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 worth $932,000 after buying 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.

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