Dynagas LNG Partners (NYSE:DLNG) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Dynagas LNG Partners (NYSE:DLNG) announced its quarterly earnings data on Thursday. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05, Zacks reports. Dynagas LNG Partners had a return on equity of 16.11% and a net margin of 35.60%.The company had revenue of $37.04 million for the quarter, compared to analysts’ expectations of $37.78 million.

Dynagas LNG Partners Price Performance

DLNG stock opened at $3.77 on Friday. The firm has a market cap of $138.52 million, a P/E ratio of 3.36 and a beta of 0.77. The company’s 50-day moving average price is $3.59 and its two-hundred day moving average price is $3.62. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.80. Dynagas LNG Partners has a 12 month low of $3.18 and a 12 month high of $5.65.

Dynagas LNG Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 10th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, November 10th. This is a positive change from Dynagas LNG Partners’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a yield of 5.3%. Dynagas LNG Partners’s dividend payout ratio is currently 17.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DLNG. Geneos Wealth Management Inc. raised its holdings in Dynagas LNG Partners by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after acquiring an additional 21,518 shares during the period. Susquehanna International Group LLP grew its position in shares of Dynagas LNG Partners by 430.1% in the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock valued at $513,000 after purchasing an additional 118,616 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Dynagas LNG Partners by 548.8% during the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock valued at $692,000 after purchasing an additional 155,902 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Dynagas LNG Partners in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.