Dynagas LNG Partners (NYSE:DLNG) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• Dynagas LNG Partners' stock price dipped below its 50-day moving average of $3.63, trading as low as $3.47 before closing at $3.54.
• Wall Street analysts have downgraded Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating, indicating a shift in market sentiment.
• Recently, the company declared a quarterly dividend of $0.049, resulting in an annualized dividend yield of 5.54% for stockholders.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.63 and traded as low as $3.47. Dynagas LNG Partners shares last traded at $3.54, with a volume of 59,539 shares changing hands.

Analyst Upgrades and Downgrades

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.

Dynagas LNG Partners Stock Down 0.1%

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 company has a market capitalization of $128.91 million, a price-to-earnings ratio of 3.22 and a beta of 0.75. The firm's 50-day simple moving average is $3.63 and its 200-day simple moving average is $3.84.

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

Dynagas LNG Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were given a dividend of $0.049 per share. The ex-dividend date was Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.6%. Dynagas LNG Partners's payout ratio is presently 18.35%.

Hedge Funds Weigh In On Dynagas LNG Partners

Several large investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in shares of Dynagas LNG Partners by 377.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 13,837 shares of the shipping company's stock valued at $52,000 after purchasing an additional 10,938 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Dynagas LNG Partners in the fourth quarter valued at approximately $75,000. NewEdge Advisors LLC raised its holdings 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 worth $100,000 after acquiring an additional 4,884 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position 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 acquiring an additional 155,902 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.