Fmr LLC Grows Position in Dynagas LNG Partners LP (NYSE:DLNG)

Fmr LLC raised its position in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 26.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,280,800 shares of the shipping company’s stock after acquiring an additional 265,337 shares during the period. Fmr LLC’s holdings in Dynagas LNG Partners were worth $4,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Apollon Wealth Management LLC raised its position in Dynagas LNG Partners by 17.5% during the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after purchasing an additional 2,650 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Dynagas LNG Partners in a report on Thursday. They issued a “strong-buy” rating for the company.

Dynagas LNG Partners Trading Up 4.4 %

DLNG stock opened at $4.72 on Friday. Dynagas LNG Partners LP has a twelve month low of $2.27 and a twelve month high of $4.85. The stock has a market capitalization of $173.71 million, a price-to-earnings ratio of 4.92 and a beta of 1.42. 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’s fifty day simple moving average is $4.14 and its two-hundred day simple moving average is $3.94.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $37.62 million for the quarter, compared to the consensus estimate of $37.92 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, analysts anticipate that Dynagas LNG Partners LP will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were paid a dividend of $0.049 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.15%. Dynagas LNG Partners’s dividend payout ratio is 19.79%.

Dynagas LNG Partners 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.