Dynagas LNG Partners (NYSE:DLNG) Shares Cross Above 50-Day Moving Average - Should You Sell?

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.63 and traded as high as $3.67. Dynagas LNG Partners shares last traded at $3.59, with a volume of 17,187 shares.

Analyst Upgrades and Downgrades

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

Dynagas LNG Partners Trading Down 0.6%

The company has a market cap of $132.04 million, a P/E ratio of 3.29 and a beta of 0.73. The business has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $4.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.12 and a current ratio of 2.12.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted 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. The business had revenue of $39.11 million for the quarter, compared to analyst estimates of $36.96 million. Dynagas LNG Partners had a return on equity of 15.92% and a net margin of 33.92%. Analysts anticipate that Dynagas LNG Partners LP will post 1.08 earnings per share for the current fiscal year.

Dynagas LNG Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were issued a $0.049 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Monday, May 19th. Dynagas LNG Partners's dividend payout ratio (DPR) is presently 18.35%.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in Dynagas LNG Partners by 548.8% in 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 during the period. NewEdge Advisors LLC raised its position in shares of Dynagas LNG Partners by 36.2% during the 4th quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company's stock worth $100,000 after purchasing an additional 4,884 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of 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 worth $52,000 after purchasing an additional 10,938 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in Dynagas LNG Partners during the 4th quarter valued at approximately $75,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.