Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Up - Still a Buy?

Key Points

• Capital Clean Energy Carriers (NASDAQ:CCEC) shares experienced a gap up, opening at $22.46 from a previous close of $21.77, with the last trading price at $22.66.
• The company reported a $0.51 earnings per share for the last quarter, exceeding the consensus estimate of $0.40, but revenue of $104.20 million fell short of expectations.
• Capital Clean Energy Carriers announced a quarterly dividend of $0.15, translating to a 2.7% annualized yield, with a payout ratio of 18.81%.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $21.77, but opened at $22.46. Capital Clean Energy Carriers shares last traded at $22.66, with a volume of 1,771 shares.

Capital Clean Energy Carriers Stock Performance

The company has a debt-to-equity ratio of 1.68, a current ratio of 1.66 and a quick ratio of 1.64. The company's fifty day simple moving average is $22.08 and its two-hundred day simple moving average is $21.40. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 7.03 and a beta of 0.51.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $104.20 million for the quarter, compared to the consensus estimate of $109.11 million. On average, analysts forecast that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, August 4th were paid a $0.15 dividend. The ex-dividend date was Monday, August 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. Capital Clean Energy Carriers's dividend payout ratio is presently 18.81%.

Institutional Trading of Capital Clean Energy Carriers

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Capital Clean Energy Carriers by 59.8% in the 2nd 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Capital Clean Energy Carriers by 10.1% in the 2nd 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 in the last quarter. MGO One Seven LLC bought a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter worth $216,000. Raymond James Financial Inc. bought a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter worth $127,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of 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 acquiring an additional 3,758 shares in the last quarter.

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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