Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Update

Dynagas LNG Partners LP (NYSE:DLNG) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 50,900 shares, a drop of 30.1% from the February 28th total of 72,800 shares. Based on an average trading volume of 89,500 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in shares of Dynagas LNG Partners by 36.2% in the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock valued at $100,000 after purchasing an additional 4,884 shares during the last quarter. Sei Investments Co. acquired a new stake in Dynagas LNG Partners during the 4th quarter valued at $75,000. Stifel Financial Corp grew its holdings in Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after buying an additional 23,500 shares during 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 in the last quarter.

Dynagas LNG Partners Price Performance

Dynagas LNG Partners stock traded down $0.08 during mid-day trading on Monday, reaching $3.77. The company had a trading volume of 37,032 shares, compared to its average volume of 56,638. The stock’s 50-day simple moving average is $4.25 and its 200-day simple moving average is $4.33. The company has a market capitalization of $138.74 million, a P/E ratio of 3.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Dynagas LNG Partners has a 1 year low of $2.81 and a 1 year high of $5.65.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Thursday, March 6th. The shipping company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $41.66 million during the quarter, compared to the consensus estimate of $38.34 million. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. On average, equities analysts predict that Dynagas LNG Partners will post 1.08 EPS for the current year.

Dynagas LNG Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Monday, February 24th were paid a $0.049 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.20 dividend on an annualized basis and a yield of 5.20%. Dynagas LNG Partners’s payout ratio is 18.27%.

Dynagas LNG Partners Company Profile

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.