Dynagas LNG Partners (NYSE:DLNG) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report sent to investors on Saturday. The brokerage issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Shares of DLNG opened at $5.30 on Friday. The firm has a 50-day simple moving average of $4.36 and a two-hundred day simple moving average of $4.01. The stock has a market cap of $195.05 million, a PE ratio of 5.52 and a beta of 1.42. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $5.65. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 9th were paid a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a yield of 3.70%. The ex-dividend date was Monday, December 9th. Dynagas LNG Partners’s payout ratio is 19.79%.

Institutional Trading of Dynagas LNG Partners

Several hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC increased its position in shares of 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 worth $67,000 after acquiring an additional 2,650 shares during the period. Stifel Financial Corp grew its stake 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 worth $145,000 after purchasing an additional 23,500 shares in the last quarter. Finally, FMR LLC increased its holdings in Dynagas LNG Partners by 26.1% during the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after purchasing 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.