Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Drops By 30.1%

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 50,900 shares, a decrease of 30.1% from the February 28th total of 72,800 shares. Based on an average daily volume of 89,500 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company's shares are short sold.

Institutional Trading of Dynagas LNG Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in Dynagas LNG Partners by 26.1% in the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company's stock worth $4,854,000 after purchasing an additional 265,337 shares in the last quarter. Stifel Financial Corp lifted 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 worth $145,000 after buying an additional 23,500 shares during the period. NewEdge Advisors LLC grew its position in shares of 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 buying an additional 4,884 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Dynagas LNG Partners during the fourth quarter valued at $75,000.

Dynagas LNG Partners Trading Down 1.4 %

DLNG traded down $0.06 during trading hours on Thursday, reaching $3.75. 96,286 shares of the company's stock traded hands, compared to its average volume of 56,778. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $4.16 and a 200 day moving average price of $4.33. Dynagas LNG Partners has a 52-week low of $2.84 and a 52-week high of $5.65. The firm has a market capitalization of $137.82 million, a PE ratio of 3.90 and a beta of 1.14.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last issued its earnings results on Thursday, March 6th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. The firm had revenue of $41.66 million during the quarter, compared to analyst estimates of $38.34 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. As a group, sell-side analysts predict that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, February 24th were paid a $0.049 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.20 dividend on an annualized basis and a yield of 5.23%. Dynagas LNG Partners's dividend payout ratio is currently 18.27%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th.

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.