Dynagas LNG Partners (NYSE:DLNG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Dynagas LNG Partners (NYSE:DLNG - Free Report) in a research note issued to investors on Thursday morning. The brokerage issued a strong-buy rating on the shipping company's stock.

Dynagas LNG Partners Trading Up 4.4 %

Shares of Dynagas LNG Partners stock traded up $0.20 during trading hours on Thursday, reaching $4.72. The stock had a trading volume of 70,541 shares, compared to its average volume of 40,444. The firm has a market capitalization of $173.71 million, a price-to-earnings ratio of 4.92 and a beta of 1.42. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $4.85. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The firm has a 50 day simple moving average of $4.14 and a two-hundred day simple moving average of $3.94.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $37.62 million for the quarter, compared to analysts' expectations of $37.92 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, equities research analysts anticipate that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 9th will be paid a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Monday, December 9th. Dynagas LNG Partners's dividend payout ratio is currently 19.79%.

Institutional Investors Weigh In On Dynagas LNG Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. Apollon Wealth Management LLC lifted its stake 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 valued at $67,000 after buying an additional 2,650 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company's stock worth $145,000 after acquiring an additional 23,500 shares in the last quarter. Finally, 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 valued at $4,854,000 after purchasing 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.