Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down – Time to Sell?

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) gapped down before the market opened on Tuesday . The stock had previously closed at $23.10, but opened at $22.49. Capital Clean Energy Carriers shares last traded at $22.40, with a volume of 1,567 shares.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds downgraded Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th.

Capital Clean Energy Carriers Stock Performance

The company has a market cap of $1.30 billion, a PE ratio of 8.73 and a beta of 0.30. The stock’s 50 day simple moving average is $19.79 and its two-hundred day simple moving average is $19.06. 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 released its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $105.77 million. As a group, research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were paid 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 dividend yield of 2.69%. Capital Clean Energy Carriers’s dividend payout ratio is presently 18.18%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CCEC. LPL Financial LLC increased its holdings 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 valued at $932,000 after acquiring an additional 1,339 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $281,000 after purchasing an additional 1,058 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Capital Clean Energy Carriers by 281.7% in the first quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company’s stock worth $98,000 after purchasing an additional 3,758 shares during the period. Finally, Larson Financial Group LLC bought a new stake in Capital Clean Energy Carriers during the fourth quarter valued at $41,000.

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.