Capital Clean Energy Carriers (NASDAQ:CCEC) Trading Down 3% - Should You Sell?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) shares traded down 3% on Friday . The company traded as low as $24.18 and last traded at $23.71. 931 shares were traded during trading, a decline of 95% from the average session volume of 18,420 shares. The stock had previously closed at $24.45.

Capital Clean Energy Carriers Price Performance

The company has a debt-to-equity ratio of 1.72, a current ratio of 1.83 and a quick ratio of 1.81. The firm's 50 day moving average is $22.88 and its 200 day moving average is $20.12. The firm has a market cap of $1.38 billion, a P/E ratio of 7.14 and a beta of 0.41.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.19. The firm had revenue of $109.40 million for the quarter, compared to the consensus estimate of $105.77 million. Capital Clean Energy Carriers had a net margin of 57.50% and a return on equity of 10.53%. As a group, analysts anticipate that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently announced 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 2.55%. The ex-dividend date was Monday, May 12th. Capital Clean Energy Carriers's dividend payout ratio is currently 18.18%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCEC. Geode Capital Management LLC increased its stake in shares of 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 lifted its position in Capital Clean Energy Carriers by 2.7% during the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company's stock valued at $932,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Capital Clean Energy Carriers by 281.7% during the first quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock valued at $98,000 after purchasing an additional 3,758 shares during 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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