Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Update

Dynagas LNG Partners LP (NYSE:DLNG) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 67,600 shares, a growth of 117.4% from the December 31st total of 31,100 shares. Based on an average daily volume of 58,900 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Dynagas LNG Partners Stock Performance

Shares of NYSE:DLNG traded down $0.14 during midday trading on Friday, hitting $4.81. The company had a trading volume of 87,417 shares, compared to its average volume of 130,701. Dynagas LNG Partners has a 12-month low of $2.27 and a 12-month high of $5.65. The company has a fifty day moving average of $4.96 and a two-hundred day moving average of $4.23. The company has a market cap of $176.97 million, a price-to-earnings ratio of 5.01 and a beta of 1.38. 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 (NYSE:DLNG) last released its quarterly earnings results on Friday, November 22nd. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. On average, equities research analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

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 issued a $0.049 dividend. This represents a $0.20 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio is 20.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Dynagas LNG Partners in a research report on Sunday, January 5th. They set a “buy” rating for the company.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLNG. Apollon Wealth Management LLC lifted its position in shares of Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after acquiring an additional 2,650 shares in the last quarter. Stifel Financial Corp grew its position 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 in the last quarter. Finally, FMR LLC raised 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 valued at $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.