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

StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report report published on Sunday. The firm issued a buy rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Shares of NYSE DLNG opened at $5.48 on Friday. The firm has a market cap of $201.67 million, a P/E ratio of 5.71 and a beta of 1.38. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $5.65. The business’s 50 day moving average is $4.51 and its 200-day moving average is $4.07.

Dynagas LNG Partners Cuts Dividend

The company 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 3.58%. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 19.79%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of large investors have recently made changes to their positions in the company. Stifel Financial Corp increased its stake in shares of Dynagas LNG Partners by 158.8% during the third 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 during the period. FMR LLC increased its stake 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 acquiring an additional 265,337 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in Dynagas LNG Partners by 17.5% during 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 period.

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.