Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Grows By 117.4%

Dynagas LNG Partners LP (NYSE:DLNG) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 67,600 shares, a growth of 117.4% from the December 31st total of 31,100 shares. Based on an average daily volume of 58,900 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its position in Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 23,500 shares in the last quarter. FMR LLC increased its position 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 valued at $4,854,000 after purchasing an additional 265,337 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings 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 valued at $67,000 after buying an additional 2,650 shares in the last quarter.

Dynagas LNG Partners Price Performance

Shares of Dynagas LNG Partners stock traded down $0.01 during trading on Wednesday, hitting $4.87. The stock had a trading volume of 96,486 shares, compared to its average volume of 136,327. The firm has a market cap of $179.04 million, a price-to-earnings ratio of 5.07 and a beta of 1.38. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $5.65. The business’s 50-day moving average is $4.94 and its 200 day moving average is $4.23. 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) last issued its quarterly earnings results on Friday, November 22nd. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were given a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 19.79%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Dynagas LNG Partners in a research note on Sunday, January 5th. They set a “buy” rating for the company.

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.