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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $22.47, but opened at $23.43. Capital Clean Energy Carriers shares last traded at $22.75, with a volume of 12,215 shares.

Capital Clean Energy Carriers Price Performance

The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.81 and a current ratio of 1.83. The stock has a market cap of $1.35 billion, a PE ratio of 6.99 and a beta of 0.42. The stock's 50-day moving average is $20.43 and its two-hundred day moving average is $19.30.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released 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 company had revenue of $109.40 million for the quarter, compared to analyst estimates of $105.77 million. Capital Clean Energy Carriers had a net margin of 57.50% and a return on equity of 10.53%. On average, equities analysts predict that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were paid 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 2.60%. Capital Clean Energy Carriers's dividend payout ratio is currently 18.18%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CCEC. Exchange Traded Concepts LLC boosted 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 valued at $98,000 after acquiring an additional 3,758 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying 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 buying an additional 1,339 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Capital Clean Energy Carriers during the fourth quarter worth about $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.

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