StockNews.com Initiates Coverage on Dynagas LNG Partners (NYSE:DLNG)

Stock analysts at StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note issued on Friday. The firm set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Shares of NYSE:DLNG opened at $4.57 on Friday. The company has a market cap of $168.19 million, a PE ratio of 4.76 and a beta of 1.42. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $4.85. The firm has a 50-day simple moving average of $4.21 and a 200 day simple moving average of $3.96. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.

Hedge Funds Weigh In On Dynagas LNG Partners

Several hedge funds and other institutional investors have recently modified their holdings of DLNG. Stifel Financial Corp boosted 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 valued at $145,000 after purchasing an additional 23,500 shares during the period. FMR LLC raised its holdings in shares of Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after buying an additional 265,337 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted 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 buying an additional 2,650 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.