Dynagas LNG Partners (NYSE:DLNG) Lowered to Buy Rating by StockNews.com

StockNews.com cut shares of Dynagas LNG Partners (NYSE:DLNG) from a strong-buy rating to a buy rating in a report released on Thursday morning.

Dynagas LNG Partners Trading Down 1.1 %

Shares of Dynagas LNG Partners stock opened at $4.18 on Thursday. The stock has a market cap of $153.64 million, a PE ratio of 4.35 and a beta of 1.36. The firm has a fifty day moving average price of $4.92 and a 200 day moving average price of $4.29. 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 (NYSE:DLNG) last issued its quarterly earnings data on Friday, November 22nd. The shipping company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. Equities research analysts predict that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, February 24th will be issued a $0.049 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.20 dividend on an annualized basis and a yield of 4.69%. Dynagas LNG Partners’s payout ratio is 20.83%.

Institutional Trading of Dynagas LNG Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC grew its stake in Dynagas LNG Partners by 17.5% in the 3rd 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 during the period. NewEdge Advisors LLC lifted its holdings in Dynagas LNG Partners by 36.2% during the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock valued at $100,000 after purchasing an additional 4,884 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Dynagas LNG Partners in the fourth quarter valued at about $75,000. 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 in the last quarter. Finally, FMR LLC increased its stake 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 worth $4,854,000 after purchasing an additional 265,337 shares in the last quarter.

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.