Dynagas LNG Partners (NYSE:DLNG) Stock Passes Below 50-Day Moving Average - Here's What Happened

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) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 trading hands.

Wall Street Analysts Forecast Growth

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

Dynagas LNG Partners Stock Up 1.1%

The stock has a market cap of $133.89 million, a PE ratio of 3.34 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.12 and a current ratio of 2.12. The company's 50-day moving average price is $3.60 and its 200 day moving average price is $3.73.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.30 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 analyst estimates of $36.96 million. As a group, analysts forecast that Dynagas LNG Partners LP will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 25th will be issued a $0.049 dividend. This represents a $0.20 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Monday, August 25th. Dynagas LNG Partners's dividend payout ratio is currently 17.43%.

Institutional Investors Weigh In On Dynagas LNG Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new stake in Dynagas LNG Partners in the 2nd quarter worth approximately $36,000. Exchange Traded Concepts LLC increased its holdings in 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 in the last quarter. NewEdge Advisors LLC increased 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 worth $100,000 after acquiring an additional 4,884 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Dynagas LNG Partners by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company's stock worth $151,000 after acquiring an additional 21,518 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in 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 worth $692,000 after acquiring an additional 155,902 shares in the last quarter.

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.

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