Dynagas LNG Partners (NYSE:DLNG) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.60 and traded as high as $3.70. Dynagas LNG Partners shares last traded at $3.65, with a volume of 32,653 shares trading hands.

Analyst Ratings Changes

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

Dynagas LNG Partners Price Performance

The stock has a 50 day simple moving average of $3.60 and a two-hundred day simple moving average of $4.16. The firm has a market cap of $134.25 million, a PE ratio of 3.35 and a beta of 0.80. 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 released its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 15.92% and a net margin of 33.92%. The business had revenue of $39.11 million during the quarter, compared to analyst estimates of $36.96 million. Sell-side analysts expect that Dynagas LNG Partners LP will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 19th were paid a $0.049 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 5.37%. Dynagas LNG Partners's dividend payout ratio is presently 18.35%.

Hedge Funds Weigh In On Dynagas LNG Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. purchased a new position in shares of Dynagas LNG Partners in the 4th quarter valued at about $75,000. NewEdge Advisors LLC increased its stake 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 purchasing an additional 4,884 shares in the last quarter. Acadian Asset Management LLC increased its stake 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 purchasing an additional 155,902 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake 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 valued at $52,000 after purchasing an additional 10,938 shares in the last quarter.

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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