MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Stock Position in Capital Clean Energy Carriers Corp (NASDAQ:CCEC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,260 shares of the company's stock after selling 31,423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.18% of Capital Clean Energy Carriers worth $1,905,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CCEC. Larson Financial Group LLC purchased a new position in shares of Capital Clean Energy Carriers during the 4th quarter valued at about $41,000. Geode Capital Management LLC lifted its holdings 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. Finally, LPL Financial LLC lifted its holdings 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.

Capital Clean Energy Carriers Stock Performance

NASDAQ:CCEC opened at $23.48 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.80 and a quick ratio of 1.78. Capital Clean Energy Carriers Corp has a 1 year low of $14.09 and a 1 year high of $24.33. The stock's 50 day simple moving average is $19.32 and its two-hundred day simple moving average is $18.84. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 9.17 and a beta of 0.30.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.19. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. The business had revenue of $109.40 million for the quarter, compared to the consensus estimate of $105.77 million. As a group, equities 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Monday, May 12th. Capital Clean Energy Carriers's payout ratio is 18.18%.

Analyst Upgrades and Downgrades

CCEC has been the topic of a number of research analyst reports. Fearnley Fonds cut Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a report on Monday, February 17th. Raymond James initiated coverage on Capital Clean Energy Carriers in a report on Friday, January 24th. They issued an "outperform" rating and a $26.00 price target on the stock.

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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