Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Down 30.1% in March

Dynagas LNG Partners LP (NYSE:DLNG) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 50,900 shares, a drop of 30.1% from the February 28th total of 72,800 shares. Based on an average daily volume of 89,500 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

Hedge Funds Weigh In On Dynagas LNG Partners

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in Dynagas LNG Partners by 36.2% in the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock valued at $100,000 after purchasing an additional 4,884 shares during the period. Sei Investments Co. purchased a new stake in shares of Dynagas LNG Partners in the 4th quarter valued at $75,000. Stifel Financial Corp raised its holdings in shares of Dynagas LNG Partners by 158.8% in the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after buying an additional 23,500 shares during the period. Finally, FMR LLC lifted its stake in Dynagas LNG Partners by 26.1% during 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 in the last quarter.

Dynagas LNG Partners Trading Down 0.3 %

Shares of NYSE DLNG traded down $0.01 during trading on Friday, hitting $3.85. 33,095 shares of the company were exchanged, compared to its average volume of 56,716. Dynagas LNG Partners has a 12-month low of $2.81 and a 12-month high of $5.65. The firm has a market capitalization of $141.69 million, a PE ratio of 4.01 and a beta of 1.37. The company has a fifty day moving average price of $4.27 and a 200-day moving average price of $4.33. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Thursday, March 6th. The shipping company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. The company had revenue of $41.66 million for the quarter, compared to the consensus estimate of $38.34 million. As a group, equities research analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current year.

Dynagas LNG Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, February 24th were issued a $0.049 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.20 annualized dividend and a dividend yield of 5.09%. Dynagas LNG Partners’s dividend payout ratio is currently 18.27%.

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.