Dynagas LNG Partners (NYSE:DLNG - Get Free Report) posted its quarterly earnings results on Tuesday. The shipping company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.02, Zacks reports. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The firm had revenue of $39.11 million for the quarter, compared to analysts' expectations of $36.96 million.
Dynagas LNG Partners Stock Performance
Shares of DLNG stock traded down $0.07 during trading hours on Friday, reaching $3.68. The company had a trading volume of 54,729 shares, compared to its average volume of 54,501. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The business has a fifty day moving average price of $3.59 and a 200-day moving average price of $4.24. Dynagas LNG Partners has a one year low of $3.18 and a one year high of $5.65. The firm has a market cap of $135.36 million, a PE ratio of 3.83 and a beta of 0.77.
Dynagas LNG Partners Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were issued a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend was Monday, May 19th. Dynagas LNG Partners's payout ratio is presently 18.27%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Dynagas LNG Partners stock. Acadian Asset Management LLC raised its stake in shares of Dynagas LNG Partners LP (NYSE:DLNG - Free Report) by 548.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 184,310 shares of the shipping company's stock after buying an additional 155,902 shares during the period. Acadian Asset Management LLC owned about 0.50% of Dynagas LNG Partners worth $692,000 as of its most recent SEC filing.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th.
Check Out Our Latest Stock Analysis on Dynagas LNG Partners
About Dynagas LNG Partners
(
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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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