Shares of Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) passed 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.
Wall Street Analysts Forecast Growth
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.
Read Our Latest Analysis on DLNG
Dynagas LNG Partners Stock Up 0.3%
The stock has a market cap of $132.41 million, a PE ratio of 3.30 and a beta of 0.80. The business has a fifty day moving average of $3.60 and a 200-day moving average of $4.14. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 2.12.
Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last issued its earnings results 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. Equities research analysts anticipate that Dynagas LNG Partners LP will post 1.08 earnings per share for the current year.
Dynagas LNG Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 19th were paid a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Monday, May 19th. Dynagas LNG Partners's dividend payout ratio (DPR) is presently 18.35%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in DLNG. Acadian Asset Management LLC boosted its position in Dynagas LNG Partners by 548.8% during 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 in the last quarter. Exchange Traded Concepts LLC lifted its stake 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 worth $52,000 after purchasing an additional 10,938 shares during the last quarter. NewEdge Advisors LLC lifted its stake 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 last quarter. Finally, Sei Investments Co. bought a new stake in Dynagas LNG Partners during the fourth quarter valued at about $75,000.
Dynagas LNG Partners Company Profile
(
Get Free Report)
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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