Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Up - Time to Buy?

Key Points

• Capital Clean Energy Carriers (NASDAQ: CCEC) shares opened at $23.77, up from a previous close of $22.93, with a trading volume of 17,719 shares.
• The company reported $0.55 earnings per share for the last quarter, exceeding analyst expectations of $0.36, with a net margin of 57.50%.
• Capital Clean Energy Carriers announced a quarterly dividend of $0.15 per share, equating to an annualized dividend yield of 2.52%.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $22.93, but opened at $23.77. Capital Clean Energy Carriers shares last traded at $23.87, with a volume of 17,719 shares trading hands.

Capital Clean Energy Carriers Stock Performance

The firm has a market capitalization of $1.39 billion, a PE ratio of 7.22 and a beta of 0.41. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 1.72. The business's 50 day simple moving average is $23.19 and its two-hundred day simple moving average is $20.37.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.19. The business had revenue of $109.40 million during 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%. Research analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, August 4th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.52%. Capital Clean Energy Carriers's dividend payout ratio (DPR) is 18.18%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC increased 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 purchasing an additional 3,758 shares in the last quarter. MGO One Seven LLC purchased a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter worth $216,000. Geode Capital Management LLC increased its stake 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 worth $281,000 after purchasing an additional 1,058 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Capital Clean Energy Carriers by 2.7% in the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company's stock worth $932,000 after purchasing an additional 1,339 shares in the last quarter.

Capital Clean Energy Carriers Company Profile

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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