Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Update

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 growth in short interest in the month of July. As of July 31st, there was short interest totaling 64,500 shares, agrowthof68.0% from the July 15th total of 38,400 shares. Currently,0.4% of the shares of the company are short sold. Based on an average daily volume of 37,100 shares, the short-interest ratio is presently 1.7 days. 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 short sold.

Dynagas LNG Partners Trading Down 0.3%

Shares of DLNG traded down $0.01 during midday trading on Monday, hitting $3.53. 24,306 shares of the stock were exchanged, compared to its average volume of 35,989. Dynagas LNG Partners has a 52-week low of $3.18 and a 52-week high of $5.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a fifty day simple moving average of $3.61 and a 200 day simple moving average of $3.73. The firm has a market cap of $129.83 million, a P/E ratio of 3.24 and a beta of 0.75.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last announced its earnings results on Tuesday, May 27th. The shipping company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The company had revenue of $39.11 million during the quarter, compared to analysts' expectations of $36.96 million. Dynagas LNG Partners had a return on equity of 15.92% and a net margin of 33.92%. On average, research analysts anticipate that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.049 per share. The ex-dividend date is Monday, August 25th. This represents a $0.20 annualized dividend and a yield of 5.6%. Dynagas LNG Partners's dividend payout ratio is 18.35%.

Hedge Funds Weigh In On Dynagas LNG Partners

Several hedge funds and other institutional investors have recently made changes to their positions in DLNG. Exchange Traded Concepts LLC raised its stake in Dynagas LNG Partners by 377.3% in the first quarter. Exchange Traded Concepts LLC now owns 13,837 shares of the shipping company's stock valued at $52,000 after buying an additional 10,938 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Dynagas LNG Partners by 36.2% in the 4th 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 during the last quarter. Acadian Asset Management LLC raised its position in shares of Dynagas LNG Partners by 548.8% during the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company's stock worth $692,000 after acquiring an additional 155,902 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Dynagas LNG Partners by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company's stock worth $151,000 after acquiring an additional 21,518 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new stake in Dynagas LNG Partners during the second quarter worth approximately $36,000.

Analysts Set New Price Targets

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

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.

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