Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report)'s stock price was down 2.1% during trading on Friday . The company traded as low as $23.40 and last traded at $23.93. Approximately 381,459 shares were traded during trading, an increase of 1,796% from the average daily volume of 20,118 shares. The stock had previously closed at $24.45.
Capital Clean Energy Carriers Trading Down 2.1%
The company has a market cap of $1.40 billion, a price-to-earnings ratio of 7.25 and a beta of 0.41. The business's fifty day moving average price is $22.95 and its 200 day moving average price is $20.17. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.83 and a quick ratio of 1.81.
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, beating the consensus estimate of $0.36 by $0.19. Capital Clean Energy Carriers had a net margin of 57.50% and a return on equity of 10.53%. The business had revenue of $109.40 million for the quarter, compared to analyst estimates of $105.77 million. Research analysts anticipate 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Monday, May 12th. Capital Clean Energy Carriers's payout ratio is 18.18%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CCEC. Exchange Traded Concepts LLC lifted its stake 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 purchasing an additional 3,758 shares in the last quarter. LPL Financial LLC lifted its stake in 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. Finally, Geode Capital Management LLC lifted 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 worth $281,000 after purchasing an additional 1,058 shares in the last quarter.
Capital Clean Energy Carriers Company Profile
(
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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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