Dynagas LNG Partners (NYSE:DLNG) Posts Earnings Results

Dynagas LNG Partners (NYSE:DLNG) released its quarterly earnings results on Friday. The shipping company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08, Zacks reports. Dynagas LNG Partners had a return on equity of 15.62% and a net margin of 37.92%.The firm had revenue of $37.84 million for the quarter, compared to analyst estimates of $35.68 million.

Dynagas LNG Partners Stock Down 4.1%

Shares of NYSE DLNG traded down $0.17 during trading on Friday, hitting $4.00. 177,872 shares of the company traded hands, compared to its average volume of 113,599. The firm has a market capitalization of $147.16 million, a price-to-earnings ratio of 3.13 and a beta of 0.72. The business’s fifty day moving average is $3.93 and its 200 day moving average is $3.76. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.02 and a current ratio of 1.02. Dynagas LNG Partners has a fifty-two week low of $3.18 and a fifty-two week high of $4.45.

Dynagas LNG Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 5.0%. Dynagas LNG Partners’s dividend payout ratio is currently 15.63%.

Institutional Trading of Dynagas LNG Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLNG. Acadian Asset Management LLC boosted its holdings in Dynagas LNG Partners by 548.8% in the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock worth $692,000 after acquiring an additional 155,902 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of Dynagas LNG Partners by 430.1% during the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock worth $513,000 after purchasing an additional 118,616 shares during the period. Virtu Financial LLC acquired a new position in shares of Dynagas LNG Partners during the fourth quarter worth approximately $100,000. Geneos Wealth Management Inc. lifted its holdings in shares of Dynagas LNG Partners by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock worth $151,000 after purchasing an additional 21,518 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Dynagas LNG Partners in the 4th quarter worth $57,000.

Analyst Ratings Changes

DLNG has been the topic of a number of recent analyst reports. Weiss Ratings raised Dynagas LNG Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Wall Street Zen raised shares of Dynagas LNG Partners to a “hold” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.