Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) traded down 3% during mid-day trading on Friday . The company traded as low as $24.18 and last traded at $23.71. 931 shares were traded during mid-day 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 Stock Down 2.8%
The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 7.05 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 stock's 50-day moving average price is $22.95 and its 200-day moving average price is $20.19.
Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping 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 firm had revenue of $109.40 million for the quarter, compared to the consensus estimate of $105.77 million. On average, sell-side analysts expect that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.
Capital Clean Energy Carriers Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 2.58%. Capital Clean Energy Carriers's payout ratio is 18.18%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CCEC. Geode Capital Management LLC grew 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 acquiring an additional 1,058 shares in the last quarter. LPL Financial LLC grew 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 acquiring an additional 1,339 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew 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 acquiring an additional 3,758 shares in the last quarter.
About Capital Clean Energy Carriers
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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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