Dynagas LNG Partners (NYSE:DLNG) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report report published on Saturday morning. The brokerage issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Stock Performance

DLNG stock opened at $5.38 on Friday. The firm has a 50 day simple moving average of $4.36 and a 200 day simple moving average of $4.01. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $5.65. The stock has a market cap of $197.99 million, a P/E ratio of 5.60 and a beta of 1.42. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 9th were given a dividend of $0.049 per share. The ex-dividend date was Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.64%. Dynagas LNG Partners’s payout ratio is 19.79%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Apollon Wealth Management LLC increased its stake 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 during the last quarter. Stifel Financial Corp boosted its holdings 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 worth $145,000 after purchasing an additional 23,500 shares in the last quarter. Finally, FMR LLC increased its position in Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after buying an additional 265,337 shares during 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.