Dynagas LNG Partners (NYSE:DLNG) Earns Strong-Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report issued on Saturday. The firm set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Stock Down 1.9 %

Shares of NYSE:DLNG opened at $5.30 on Friday. The company has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.00. The company has a market capitalization of $195.05 million, a PE ratio of 5.52 and a beta of 1.42. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $5.65. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68.

Institutional Investors Weigh In On Dynagas LNG Partners

Several large investors have recently modified their holdings of DLNG. Apollon Wealth Management LLC lifted its stake in Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after buying an additional 2,650 shares in the last quarter. Stifel Financial Corp increased its position in shares of Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after acquiring an additional 23,500 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after acquiring an additional 265,337 shares during the period.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.