StockNews.com Begins Coverage on Dynagas LNG Partners (NYSE:DLNG)

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

Dynagas LNG Partners Trading Up 1.8 %

Shares of NYSE:DLNG opened at $4.57 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $4.21 and its 200 day moving average price is $3.96. The company has a market cap of $168.19 million, a PE ratio of 4.76 and a beta of 1.42. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $4.85.

Dynagas LNG Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 9th were issued a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio (DPR) is 19.79%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DLNG. FMR LLC increased its stake in Dynagas LNG Partners by 26.1% during the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after buying an additional 265,337 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 2,650 shares in the last quarter. Finally, Stifel Financial Corp increased its stake 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 acquiring an additional 23,500 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.