StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG - Free Report) in a research report released on Saturday morning. The brokerage issued a strong-buy rating on the shipping company's stock.
Dynagas LNG Partners Stock Performance
Shares of Dynagas LNG Partners stock traded down $0.10 on Friday, reaching $5.30. 77,862 shares of the stock were exchanged, compared to its average volume of 41,875. The business has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $4.01. The firm has a market capitalization of $195.05 million, a price-to-earnings ratio of 5.52 and a beta of 1.42. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $5.65. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.
Dynagas LNG Partners Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were paid a $0.049 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.70%. Dynagas LNG Partners's payout ratio is currently 19.79%.
Hedge Funds Weigh In On Dynagas LNG Partners
A number of institutional investors have recently modified their holdings of the stock. Apollon Wealth Management LLC grew its holdings in Dynagas LNG Partners by 17.5% during the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company's stock worth $67,000 after acquiring an additional 2,650 shares during the period. Stifel Financial Corp boosted its position in 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 purchasing an additional 23,500 shares in the last quarter. Finally, FMR LLC grew its stake in shares of 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 purchasing an additional 265,337 shares during the period.
Dynagas LNG Partners Company Profile
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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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