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

Key Points

• Dynagas LNG Partners LP shares recently dropped below their 50-day moving average of $3.65, trading as low as $3.60 during market activity.
• The company reported $0.25 earnings per share for the last quarter, exceeding estimates, alongside revenue of $37.37 million, indicating a strong performance relative to expectations.
• Dynagas LNG Partners announced a quarterly dividend of $0.049 per share, yielding 5.4%, with a dividend payout ratio currently at 17.86%.

Shares of Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . 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 $3.64, with a volume of 112,741 shares traded.

Dynagas LNG Partners Trading Down 1.9%

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 market capitalization of $133.88 million, a P/E ratio of 3.25 and a beta of 0.84. The firm has a 50-day moving average of $3.65 and a two-hundred day moving average of $3.65.

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

Dynagas LNG Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 25th were paid a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, August 25th. Dynagas LNG Partners's dividend payout ratio (DPR) is presently 17.86%.

Institutional Trading of Dynagas LNG Partners

Hedge funds have recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Dynagas LNG Partners during the second quarter valued at about $36,000. Exchange Traded Concepts LLC boosted its stake in shares of Dynagas LNG Partners by 377.3% during the first 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 in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Dynagas LNG Partners by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company's stock valued at $151,000 after purchasing an additional 21,518 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Dynagas LNG Partners by 548.8% during the first 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 in the last quarter.

Dynagas LNG Partners Company Profile

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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