Dynagas LNG Partners (NYSE:DLNG) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Dynagas LNG Partners (NYSE:DLNG) from a strong-buy rating to a buy rating in a research note published on Thursday.

Dynagas LNG Partners Trading Down 2.1 %

Shares of DLNG stock opened at $4.13 on Thursday. The stock’s fifty day moving average is $4.91 and its two-hundred day moving average is $4.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $151.98 million, a P/E ratio of 4.30 and a beta of 1.36. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $5.65.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Friday, November 22nd. The shipping company reported $0.30 earnings per share 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%. Research analysts expect that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Dynagas LNG Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, February 24th will be paid a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Monday, February 24th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 20.83%.

Institutional Trading of Dynagas LNG Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. acquired a new stake in shares of Dynagas LNG Partners in the 4th quarter worth $75,000. Apollon Wealth Management LLC increased its stake 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 acquiring an additional 2,650 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Dynagas LNG Partners by 36.2% in the 4th quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock worth $100,000 after acquiring an additional 4,884 shares during the last quarter. Stifel Financial Corp increased its stake 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 acquiring an additional 23,500 shares during the last quarter. Finally, FMR LLC increased its stake 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 acquiring 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.