FMR LLC grew its holdings in shares of Dynagas LNG Partners LP (NYSE:DLNG - Free Report) by 26.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,280,800 shares of the shipping company's stock after buying an additional 265,337 shares during the period. FMR LLC owned 3.48% of Dynagas LNG Partners worth $4,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Apollon Wealth Management LLC grew its position 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 during the last quarter.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Dynagas LNG Partners in a research note on Thursday. They issued a "strong-buy" rating for the company.
Read Our Latest Analysis on DLNG
Dynagas LNG Partners Stock Performance
Shares of NYSE DLNG traded down $0.15 during trading hours on Friday, reaching $4.57. The stock had a trading volume of 43,303 shares, compared to its average volume of 40,456. The firm has a market cap of $168.18 million, a price-to-earnings ratio of 4.92 and a beta of 1.42. Dynagas LNG Partners LP has a fifty-two week low of $2.27 and a fifty-two week high of $4.85. The firm has a 50-day moving average of $4.14 and a 200-day moving average of $3.94. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.
Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last announced its earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. The business had revenue of $37.62 million for the quarter, compared to analysts' expectations of $37.92 million. During the same quarter last year, the business posted $0.08 earnings per share. Equities research analysts predict that Dynagas LNG Partners LP will post 1.08 earnings per share for the current year.
Dynagas LNG Partners Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 9th were paid a $0.049 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a yield of 4.29%. Dynagas LNG Partners's dividend payout ratio is presently 20.83%.
Dynagas LNG Partners Profile
(
Free Report)
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.
Recommended Stories
Before you consider Dynagas LNG Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dynagas LNG Partners wasn't on the list.
While Dynagas LNG Partners currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
