Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Grows By 68.0%

Key Points

• Dramatic Increase in Short Interest: Dynagas LNG Partners LP experienced a significant surge in short interest, rising by 68.0% in July, totaling 64,500 shares by the end of the month.
• Quarterly Earnings Beat Expectations: The company reported an earnings per share (EPS) of $0.30 for the last quarter, exceeding analysts' estimates of $0.28, while revenue also surpassed expectations at $39.11 million.
• Dividend Announcement: Dynagas LNG Partners declared a quarterly dividend of $0.049 per share, reflecting a 5.6% annualized yield, which will be paid to shareholders on August 29th.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 64,500 shares, anincreaseof68.0% from the July 15th total of 38,400 shares. Based on an average daily volume of 37,100 shares, the short-interest ratio is presently 1.7 days. Currently,0.4% of the shares of the company are sold short. Currently,0.4% of the shares of the company are sold short. Based on an average daily volume of 37,100 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Dynagas LNG Partners

Several hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in Dynagas LNG Partners by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company's stock valued at $151,000 after acquiring an additional 21,518 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in Dynagas LNG Partners during the second quarter valued at approximately $36,000. Acadian Asset Management LLC grew its stake in Dynagas LNG Partners by 548.8% during the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company's stock valued at $692,000 after acquiring an additional 155,902 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Dynagas LNG Partners by 377.3% during the first quarter. Exchange Traded Concepts LLC now owns 13,837 shares of the shipping company's stock valued at $52,000 after acquiring an additional 10,938 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Dynagas LNG Partners by 36.2% during the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company's stock valued at $100,000 after acquiring an additional 4,884 shares in the last quarter.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th.

Dynagas LNG Partners Price Performance

Shares of DLNG remained flat at $3.64 during trading hours on Friday. 48,151 shares of the stock traded hands, compared to its average volume of 34,636. The company has a market cap of $133.88 million, a P/E ratio of 3.34 and a beta of 0.75. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $3.60 and a 200 day moving average price of $3.71. Dynagas LNG Partners has a 52-week low of $3.18 and a 52-week high of $5.65.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its earnings results on Tuesday, May 27th. The shipping company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. The firm had revenue of $39.11 million during the quarter, compared to the consensus estimate of $36.96 million. Dynagas LNG Partners had a net margin of 33.92% and a return on equity of 15.92%. Research analysts predict that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 25th will be paid a dividend of $0.049 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.20 annualized dividend and a yield of 5.4%. Dynagas LNG Partners's payout ratio is currently 18.35%.

Dynagas LNG Partners Company Profile

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.