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Dynagas LNG Partners (NYSE:DLNG) Stock Price Passes Below 50-Day Moving Average - What's Next?

Dynagas LNG Partners logo with Transportation background

Shares of Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.65 and traded as low as $3.60. Dynagas LNG Partners shares last traded at $3.60, with a volume of 46,696 shares traded.

Analysts Set New Price Targets

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

Read Our Latest Analysis on DLNG

Dynagas LNG Partners Stock Down 2.2%

The company has a market cap of $132.41 million, a P/E ratio of 3.30 and a beta of 0.73. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average of $3.65 and a 200 day moving average of $4.05.

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

Dynagas LNG Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 19th were issued a dividend of $0.049 per share. The ex-dividend date was Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 5.44%. Dynagas LNG Partners's dividend payout ratio is currently 18.35%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DLNG. Sei Investments Co. bought a new stake in Dynagas LNG Partners during the fourth quarter valued at about $75,000. NewEdge Advisors LLC grew its position in shares of Dynagas LNG Partners by 36.2% during the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company's stock worth $100,000 after purchasing an additional 4,884 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in 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 purchasing an additional 10,938 shares during the period. Finally, Acadian Asset Management LLC raised its stake 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 valued at $692,000 after purchasing an additional 155,902 shares during the period.

Dynagas LNG Partners Company Profile

(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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