Dynagas LNG Partners (NYSE:DLNG) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note released on Tuesday morning. The brokerage issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Dynagas LNG Partners stock opened at $4.77 on Tuesday. The stock has a market cap of $175.55 million, a price-to-earnings ratio of 4.97 and a beta of 1.37. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $3.94 and a 200 day simple moving average of $3.88. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $4.85.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a return on equity of 15.03% and a net margin of 31.63%. The business had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. During the same period in the previous year, the firm posted $0.08 EPS. On average, research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current fiscal year.

Dynagas LNG Partners Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 9th will be given a $0.049 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.20 annualized dividend and a yield of 4.11%. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 19.79%.

Hedge Funds Weigh In On Dynagas LNG Partners

Institutional investors have recently modified their holdings of the company. Apollon Wealth Management LLC lifted its position in Dynagas LNG Partners by 17.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after buying an additional 2,650 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after acquiring an additional 23,500 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after acquiring an additional 265,337 shares during 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.