Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Should You Sell?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) gapped down prior to trading on Monday . The stock had previously closed at $21.47, but opened at $20.98. Capital Clean Energy Carriers shares last traded at $21.00, with a volume of 1,385 shares traded.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds lowered 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 Stock Performance

The firm has a market cap of $1.23 billion, a PE ratio of 8.25 and a beta of 0.42. The business has a 50 day simple moving average of $20.26 and a two-hundred day simple moving average of $19.26. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.82.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.36 by $0.19. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. The company had revenue of $109.40 million for the quarter, compared to the consensus estimate of $105.77 million. As a group, equities research analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, May 12th. Capital Clean Energy Carriers’s dividend payout ratio is 18.18%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

Several institutional investors have recently made changes to their positions in CCEC. Larson Financial Group LLC purchased a new position in Capital Clean Energy Carriers during the 4th quarter valued at about $41,000. Exchange Traded Concepts LLC boosted 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 in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $281,000 after purchasing an additional 1,058 shares during the last quarter. Finally, LPL Financial LLC raised its holdings 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 worth $932,000 after purchasing an additional 1,339 shares in 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.