Dynagas LNG Partners (NYSE:DLNG) Stock Price Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• Dynagas LNG Partners stock fell below its fifty day moving average, trading as low as $3.48, with a closing price of $3.57.
• The company reported $0.25 earnings per share for the last quarter, exceeding estimates, and generated $37.37 million in revenue.
• Dynagas LNG Partners declared a quarterly dividend of $0.049 per share, representing a dividend yield of 5.5%.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.65 and traded as low as $3.48. Dynagas LNG Partners shares last traded at $3.57, with a volume of 26,051 shares trading hands.

Dynagas LNG Partners Stock Up 1.3%

The firm has a market capitalization of $131.12 million, a price-to-earnings ratio of 3.18 and a beta of 0.81. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average price of $3.65 and a two-hundred day moving average price of $3.64.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last released its quarterly earnings data on Monday, September 8th. The shipping company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $37.37 million for the quarter, compared to analyst estimates of $35.64 million. Dynagas LNG Partners had a return on equity of 16.11% and a net margin of 35.60%. On average, equities analysts expect that Dynagas LNG Partners LP will post 1.08 earnings per share for the current fiscal year.

Dynagas LNG Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 25th were paid a $0.049 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, August 25th. Dynagas LNG Partners's payout ratio is currently 17.86%.

Institutional Investors Weigh In On Dynagas LNG Partners

Several hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings 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 valued at $151,000 after buying an additional 21,518 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Dynagas LNG Partners during the 2nd quarter valued at about $36,000. Acadian Asset Management LLC raised its holdings 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 valued at $692,000 after buying an additional 155,902 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Dynagas LNG Partners by 377.3% during 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.

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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