StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG - Free Report) in a research report report published on Sunday morning. The firm issued a buy rating on the shipping company's stock.
Dynagas LNG Partners Stock Down 0.7 %
Shares of NYSE DLNG traded down $0.04 during mid-day trading on Friday, reaching $5.48. 299,919 shares of the company traded hands, compared to its average volume of 258,510. The company's fifty day moving average is $4.51 and its two-hundred day moving average is $4.07. 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 has a fifty-two week low of $2.27 and a fifty-two week high of $5.65. The stock has a market cap of $201.67 million, a PE ratio of 5.71 and a beta of 1.38.
Dynagas LNG Partners Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 9th were issued a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Monday, December 9th. Dynagas LNG Partners's dividend payout ratio (DPR) is 19.79%.
Hedge Funds Weigh In On Dynagas LNG Partners
Large investors have recently bought and sold shares of the stock. Stifel Financial Corp increased its stake in Dynagas LNG Partners by 158.8% in the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company's stock valued at $145,000 after acquiring an additional 23,500 shares during the period. FMR LLC grew 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 purchasing an additional 265,337 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Dynagas LNG Partners by 17.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company's stock worth $67,000 after purchasing an additional 2,650 shares in the last quarter.
About Dynagas LNG Partners
(
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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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