Dynagas LNG Partners (NYSE:DLNG) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note published on Wednesday. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Shares of DLNG opened at $4.47 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $4.85. The firm has a 50-day simple moving average of $4.09 and a 200-day simple moving average of $3.92. The company has a market capitalization of $164.50 million, a price-to-earnings ratio of 4.66 and a beta of 1.42.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $37.62 million for the quarter, compared to analyst estimates of $37.92 million. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. During the same period in the previous year, the business posted $0.08 earnings per share. On average, equities research analysts anticipate that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 yield of 4.38%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC boosted its holdings 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 purchasing an additional 2,650 shares in the last quarter. FMR LLC lifted its holdings in shares of Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after buying an additional 265,337 shares during the period. Finally, Stifel Financial Corp boosted its stake 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 valued at $145,000 after buying an additional 23,500 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.