Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Down 3.7% – Should You Sell?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) shares dropped 3.7% during trading on Tuesday . The stock traded as low as $22.34 and last traded at $22.89. 1,536 shares were traded during trading, a decline of 91% from the average daily volume of 17,239 shares. The stock had previously closed at $23.76.

Capital Clean Energy Carriers Trading Down 3.5%

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 stock has a market cap of $1.34 billion, a PE ratio of 6.95 and a beta of 0.42. The stock has a 50-day moving average price of $20.95 and a two-hundred day moving average price of $19.47.

Capital Clean Energy Carriers (NASDAQ:CCEC) 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. The business had revenue of $109.40 million for the quarter, compared to the consensus estimate of $105.77 million. Capital Clean Energy Carriers had a return on equity of 10.53% and a net margin of 57.50%. Sell-side analysts forecast 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Monday, May 12th. Capital Clean Energy Carriers’s payout ratio is 18.18%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new position in shares of Capital Clean Energy Carriers in the 4th quarter worth approximately $41,000. Exchange Traded Concepts LLC boosted its stake 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 worth $98,000 after buying an additional 3,758 shares during the period. Geode Capital Management LLC increased its position in Capital Clean Energy Carriers by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock valued at $281,000 after acquiring an additional 1,058 shares during the last quarter. Finally, LPL Financial LLC increased 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 acquiring an additional 1,339 shares during the last quarter.

Capital Clean Energy Carriers Company Profile

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.