Dynagas LNG Partners (NYSE:DLNG) Shares Pass Below 50 Day Moving Average - Here's Why

Key Points

• Dynagas LNG Partners' stock has crossed below its 50-day moving average of $3.60, trading as low as $3.57, indicating a potential shift in market sentiment.
• Wall Street analysts downgraded Dynagas LNG Partners from a "strong-buy" to a "buy" rating, suggesting a more cautious outlook on the stock's performance.
• The company announced a quarterly dividend of $0.049 per share, which translates to an annual yield of 5.4%, highlighting its commitment to returning value to shareholders.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.60 and traded as low as $3.57. Dynagas LNG Partners shares last traded at $3.64, with a volume of 46,958 shares traded.

Wall Street Analysts Forecast Growth

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

Dynagas LNG Partners Stock Down 0.6%

The stock has a market capitalization of $131.30 million, a P/E ratio of 3.28 and a beta of 0.75. The firm's fifty day moving average is $3.60 and its 200-day moving average is $3.69. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.85.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. Dynagas LNG Partners had a net margin of 33.92% and a return on equity of 15.92%. The firm had revenue of $39.11 million during the quarter, compared to the consensus estimate of $36.96 million. As a group, equities research analysts predict that Dynagas LNG Partners LP will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 25th will be issued a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Monday, August 25th. Dynagas LNG Partners's dividend payout ratio (DPR) is currently 18.35%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in shares of Dynagas LNG Partners by 36.2% in the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company's stock worth $100,000 after acquiring an additional 4,884 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Dynagas LNG Partners in the second quarter worth about $36,000. Exchange Traded Concepts LLC raised its stake in shares of Dynagas LNG Partners by 377.3% in the first 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. Geneos Wealth Management Inc. grew its position in shares of Dynagas LNG Partners by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company's stock worth $151,000 after buying an additional 21,518 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of 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 worth $692,000 after buying an additional 155,902 shares during the period.

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.