Dynagas LNG Partners (NYSE:DLNG) Share Price Passes Above 50 Day Moving Average - What's Next?

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.58 and traded as high as $3.77. Dynagas LNG Partners shares last traded at $3.74, with a volume of 26,384 shares traded.

Wall Street Analysts Forecast Growth

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

Dynagas LNG Partners Trading Up 0.3%

The stock has a 50-day simple moving average of $3.58 and a 200 day simple moving average of $4.21. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The company has a market cap of $135.73 million, a price-to-earnings ratio of 3.84 and a beta of 0.80.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. The company had revenue of $39.11 million during the quarter, compared to analysts' expectations of $36.96 million. As a group, equities research analysts predict that Dynagas LNG Partners LP will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were issued a $0.049 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 5.31%. Dynagas LNG Partners's dividend payout ratio (DPR) is presently 17.43%.

Hedge Funds Weigh In On Dynagas LNG Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its holdings 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 buying an additional 155,902 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 valued at $52,000 after buying an additional 10,938 shares during the period. NewEdge Advisors LLC lifted its holdings 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 buying an additional 4,884 shares during the period. Finally, Sei Investments Co. acquired a new position in shares of Dynagas LNG Partners in the 4th quarter valued at about $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.