Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.93 and traded as high as $3.18. Dynagas LNG Partners shares last traded at $3.13, with a volume of 48,536 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Dynagas LNG Partners in a report on Thursday. They set a “strong-buy” rating for the company.
View Our Latest Research Report on DLNG
Dynagas LNG Partners Stock Performance
Institutional Investors Weigh In On Dynagas LNG Partners
A number of institutional investors have recently bought and sold shares of the business. Citigroup Inc. bought a new position in shares of Dynagas LNG Partners in the first quarter valued at about $34,000. Cubist Systematic Strategies LLC bought a new position in shares of Dynagas LNG Partners in the second quarter valued at about $35,000. Apollon Wealth Management LLC bought a new position in shares of Dynagas LNG Partners in the fourth quarter valued at about $42,000. Jane Street Group LLC bought a new position in shares of Dynagas LNG Partners in the fourth quarter valued at about $64,000. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of Dynagas LNG Partners by 104.7% in the second quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after buying an additional 12,894 shares during the last quarter.
Dynagas LNG Partners Company Profile
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.
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