Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.64 and traded as low as $3.45. Dynagas LNG Partners shares last traded at $3.49, with a volume of 30,986 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 20th.
Read Our Latest Research Report on Dynagas LNG Partners
Dynagas LNG Partners Price Performance
The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $3.92. The stock has a market capitalization of $129.83 million, a P/E ratio of 3.24 and a beta of 0.73.
Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. The firm had revenue of $39.11 million during 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%. On average, analysts expect 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 announced 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 5.55%. The ex-dividend date of this dividend was Monday, May 19th. Dynagas LNG Partners's dividend payout ratio is presently 18.35%.
Hedge Funds Weigh In On Dynagas LNG Partners
Several institutional investors have recently modified their holdings of DLNG. Sei Investments Co. bought a new position in shares of Dynagas LNG Partners in the fourth quarter valued at approximately $75,000. NewEdge Advisors LLC grew 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 valued at $100,000 after purchasing an additional 4,884 shares during the period. Exchange Traded Concepts LLC grew its holdings in Dynagas LNG Partners by 377.3% during the first 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 during the period. Finally, Acadian Asset Management LLC grew its holdings in Dynagas LNG Partners by 548.8% during the first 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 during the period.
About Dynagas LNG Partners
(
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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