Central Puerto (NYSE:CEPU) Shares Gap Down – Should You Sell?

Central Puerto S.A. (NYSE:CEPU) gapped down before the market opened on Tuesday . The stock had previously closed at $13.31, but opened at $12.55. Central Puerto shares last traded at $12.97, with a volume of 99,924 shares.

Central Puerto Stock Performance

The company’s fifty day moving average is $14.25 and its 200-day moving average is $12.03. The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.00 billion, a P/E ratio of 5.18 and a beta of 1.18.

Central Puerto Increases Dividend

The company also recently declared a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.3954 per share. This represents a yield of 1.4%. This is a boost from Central Puerto’s previous — dividend of $0.07. The ex-dividend date was Friday, November 29th. Central Puerto’s dividend payout ratio is 12.16%.

Institutional Trading of Central Puerto

Several hedge funds have recently added to or reduced their stakes in CEPU. Point72 Asset Management L.P. bought a new position in Central Puerto in the 3rd quarter worth approximately $351,000. Financial Management Professionals Inc. acquired a new stake in shares of Central Puerto in the third quarter worth $34,000. Ping Capital Management Inc. increased its position in Central Puerto by 4.9% during the fourth quarter. Ping Capital Management Inc. now owns 86,000 shares of the company’s stock worth $1,246,000 after acquiring an additional 4,000 shares during the period. GAMMA Investing LLC raised its stake in Central Puerto by 169.1% during the 4th quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock valued at $144,000 after purchasing an additional 6,248 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Central Puerto during the 3rd quarter valued at $122,000. Institutional investors own 2.97% of the company’s stock.

About Central Puerto

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.