Dynagas LNG Partners (NYSE:DLNG) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Dynagas LNG Partners received a "hold (C)" rating from Weiss Ratings, indicating a neutral outlook for the stock.
• The company's latest earnings report showed an EPS of $0.25, surpassing analysts' expectations of $0.24, with revenues reaching $37.37 million.
• Dynagas LNG Partners' market capitalization stands at approximately $129.47 million, with a current stock price of $3.52.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Dynagas LNG Partners Price Performance

DLNG traded up $0.06 during midday trading on Wednesday, reaching $3.52. 25,653 shares of the company's stock were exchanged, compared to its average volume of 42,828. The firm has a market capitalization of $129.47 million, a price-to-earnings ratio of 3.14 and a beta of 0.81. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.80. Dynagas LNG Partners has a one year low of $3.18 and a one year high of $5.65. The business has a 50-day simple moving average of $3.64 and a two-hundred day simple moving average of $3.62.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its earnings results on Monday, September 8th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Dynagas LNG Partners had a net margin of 35.60% and a return on equity of 16.11%. The company had revenue of $37.37 million during the quarter, compared to analysts' expectations of $35.64 million. As a group, research analysts predict that Dynagas LNG Partners will post 1.08 EPS for the current year.

Hedge Funds Weigh In On Dynagas LNG Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of Dynagas LNG Partners by 548.8% in the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company's stock valued at $692,000 after buying an additional 155,902 shares during the period. Geneos Wealth Management Inc. lifted its position in Dynagas LNG Partners by 100.0% in the 2nd 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. Exchange Traded Concepts LLC lifted its position in Dynagas LNG Partners by 377.3% in the 1st 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, TD Waterhouse Canada Inc. bought a new stake in Dynagas LNG Partners in the 2nd quarter valued at $36,000.

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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