Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Up 51.5% in November

Dynagas LNG Partners LP (NYSE:DLNG) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 24,700 shares, a growth of 51.5% from the October 31st total of 16,300 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 33,000 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Dynagas LNG Partners

Large investors have recently bought and sold shares of the company. Apollon Wealth Management LLC grew its stake 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 worth $67,000 after buying an additional 2,650 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Dynagas LNG Partners by 158.8% in the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after acquiring an additional 23,500 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Dynagas LNG Partners by 26.1% in the third 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 last quarter.

Dynagas LNG Partners Stock Performance

NYSE DLNG traded up $0.07 on Friday, hitting $4.66. 24,276 shares of the stock were exchanged, compared to its average volume of 56,419. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 0.69. The business’s fifty day moving average is $4.01 and its 200 day moving average is $3.90. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $4.85. The company has a market capitalization of $171.49 million, a PE ratio of 4.85 and a beta of 1.37.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $37.62 million during 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 period in the previous year, the company earned $0.08 earnings per share. Research analysts anticipate that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 9th will be paid a $0.049 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.20 annualized dividend and a dividend yield of 4.21%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Dynagas LNG Partners in a report on Tuesday, November 26th. They issued a “strong-buy” rating for the company.

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.