Dynagas LNG Partners (NYSE:DLNG) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a strong-buy rating in a report published on Wednesday.

Dynagas LNG Partners Trading Up 2.6 %

NYSE:DLNG opened at $4.35 on Wednesday. The company has a fifty day moving average of $4.95 and a 200 day moving average of $4.28. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week 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. The firm has a market capitalization of $160.08 million, a P/E ratio of 4.53 and a beta of 1.36.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Friday, November 22nd. The shipping company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. On average, research analysts predict that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, February 24th will be issued a $0.049 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.20 annualized dividend and a yield of 4.51%. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 20.83%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DLNG. 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 worth $67,000 after buying an additional 2,650 shares during the period. Sei Investments Co. purchased a new stake in shares of Dynagas LNG Partners in the 4th quarter worth about $75,000. Stifel Financial Corp grew its position in shares of 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 buying an additional 23,500 shares during the period. Finally, FMR LLC grew its position in shares of Dynagas LNG Partners by 26.1% in the 3rd 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 period.

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.