Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Up 5.9% - What's Next?

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

Wall Street Analyst Weigh In

Separately, Fearnley Fonds cut Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 17th.

Capital Clean Energy Carriers Price Performance

The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 8.66 and a beta of 0.42. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.78 and a current ratio of 1.80. The company has a fifty day simple moving average of $20.32 and a two-hundred day simple moving average of $19.28.

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. The firm had revenue of $109.40 million during the quarter, compared to analysts' expectations of $105.77 million. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.71%. The ex-dividend date was Monday, May 12th. Capital Clean Energy Carriers's payout ratio is presently 18.18%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in Capital Clean Energy Carriers by 7.4% in the fourth 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. LPL Financial LLC grew its stake in Capital Clean Energy Carriers by 2.7% in the fourth 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. Larson Financial Group LLC acquired a new stake in Capital Clean Energy Carriers in the fourth quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC grew its stake in 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 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.

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