Shares of Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.57 and traded as high as $3.71. Dynagas LNG Partners shares last traded at $3.65, with a volume of 24,425 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th.
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Dynagas LNG Partners Stock Down 0.7%
The company has a market cap of $134.41 million, a PE ratio of 3.81 and a beta of 0.80. The company's 50 day moving average is $3.58 and its 200 day moving average is $4.18. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.
Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $39.11 million for the quarter, compared to the consensus estimate of $36.96 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. As a group, analysts predict that Dynagas LNG Partners LP will post 1.08 earnings per share for the current fiscal year.
Dynagas LNG Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 19th were paid a $0.049 dividend. This represents a $0.20 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend was Monday, May 19th. Dynagas LNG Partners's dividend payout ratio is presently 17.43%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. bought a new position in Dynagas LNG Partners during the 4th quarter worth about $75,000. NewEdge Advisors LLC grew its holdings in Dynagas LNG Partners by 36.2% during 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. Acadian Asset Management LLC grew its holdings in 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 acquiring an additional 155,902 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted 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 in the last quarter.
Dynagas LNG Partners Company Profile
(
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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.
Further Reading
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