Dynagas LNG Partners (NYSE:DLNG) Cut to Buy at StockNews.com

StockNews.com cut shares of Dynagas LNG Partners (NYSE:DLNG - Free Report) from a strong-buy rating to a buy rating in a research note released on Thursday morning.

Dynagas LNG Partners Stock Performance

Shares of NYSE DLNG traded down $0.09 during trading hours on Thursday, hitting $4.13. 34,928 shares of the company's stock were exchanged, compared to its average volume of 86,693. The stock has a market capitalization of $151.98 million, a price-to-earnings ratio of 4.30 and a beta of 1.36. The company's 50-day moving average price is $4.91 and its 200-day moving average price is $4.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $5.65.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its quarterly earnings data on Friday, November 22nd. The shipping company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. On average, sell-side analysts expect that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Dynagas LNG Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, February 24th will be issued a $0.049 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.20 annualized dividend and a yield of 4.75%. Dynagas LNG Partners's dividend payout ratio (DPR) is 20.83%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Apollon Wealth Management LLC raised its stake in shares of 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 valued at $67,000 after buying an additional 2,650 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Dynagas LNG Partners in the 4th quarter valued at approximately $75,000. NewEdge Advisors LLC raised its holdings in shares of Dynagas LNG Partners by 36.2% in 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. Stifel Financial Corp lifted its position in shares of Dynagas LNG Partners by 158.8% during 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. Finally, FMR LLC boosted its stake in Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company's stock valued at $4,854,000 after buying an additional 265,337 shares in 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.