Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report)'s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.71 and traded as low as $3.46. Dynagas LNG Partners shares last traded at $3.52, with a volume of 28,074 shares.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th.
View Our Latest Research Report on DLNG
Dynagas LNG Partners Stock Performance
The stock has a market cap of $126.90 million, a price-to-earnings ratio of 3.59 and a beta of 0.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a fifty day moving average of $3.69 and a 200 day moving average of $4.26.
Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last issued its earnings results on Thursday, March 6th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. The company had revenue of $41.66 million during the quarter, compared to analysts' expectations of $38.34 million. As a group, sell-side analysts forecast that Dynagas LNG Partners LP will post 1.08 EPS for the current year.
Dynagas LNG Partners Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, February 24th were paid a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Monday, February 24th. Dynagas LNG Partners's dividend payout ratio (DPR) is presently 18.27%.
Institutional Trading of Dynagas LNG Partners
Several hedge funds have recently made changes to their positions in the company. Sei Investments Co. purchased a new stake in shares of Dynagas LNG Partners during the 4th quarter valued at approximately $75,000. NewEdge Advisors LLC raised its holdings in 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, 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 acquiring an additional 10,938 shares during the last quarter.
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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