Dynagas LNG Partners (NYSE:DLNG) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report released on Tuesday morning. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Trading Down 0.6 %

Shares of DLNG stock opened at $4.77 on Tuesday. The business has a 50-day moving average of $3.94 and a 200 day moving average of $3.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $4.85. The stock has a market capitalization of $175.55 million, a PE ratio of 4.97 and a beta of 1.37.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 15.03%. The company had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. During the same period last year, the company posted $0.08 EPS. As a group, sell-side analysts anticipate that Dynagas LNG Partners will post 1.05 earnings per share for the current year.

Dynagas LNG Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 9th will be given a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Monday, December 9th. Dynagas LNG Partners’s payout ratio is 19.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DLNG. Apollon Wealth Management LLC lifted its position in shares of Dynagas LNG Partners by 17.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after purchasing an additional 2,650 shares during the period. 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 valued at $145,000 after buying an additional 23,500 shares during the period. Finally, FMR LLC grew its holdings in shares of Dynagas LNG Partners by 26.1% during the 3rd 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.