Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Up 5.9% - Still a Buy?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) shares traded up 5.9% on Tuesday . The company traded as high as $21.50 and last traded at $22.08. 5,770 shares were traded during mid-day trading, a decline of 69% from the average session volume of 18,574 shares. The stock had previously closed at $20.84.

Capital Clean Energy Carriers Stock Up 2.8%

The stock's 50-day moving average price is $20.83 and its two-hundred day moving average price is $19.41. 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 stock has a market capitalization of $1.41 billion, a P/E ratio of 7.32 and a beta of 0.42.

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 for the quarter, beating the consensus estimate of $0.36 by $0.19. Capital Clean Energy Carriers had a return on equity of 10.53% and a net margin of 57.50%. The business had revenue of $109.40 million during the quarter, compared to analyst estimates of $105.77 million. As a group, 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.49%. The ex-dividend date was Monday, May 12th. Capital Clean Energy Carriers's dividend payout ratio (DPR) is currently 18.18%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new position in shares of Capital Clean Energy Carriers in the fourth quarter worth about $41,000. Exchange Traded Concepts LLC boosted its holdings 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 during the period. Geode Capital Management LLC grew its stake in 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 buying an additional 1,058 shares in the last quarter. 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 valued at $932,000 after acquiring an additional 1,339 shares during the period.

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.