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 report released on Friday. The brokerage issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Stock Performance

Shares of DLNG stock opened at $4.57 on Friday. The stock has a market capitalization of $168.19 million, a price-to-earnings ratio of 4.76 and a beta of 1.42. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $4.85. The company’s 50-day simple moving average is $4.21 and its 200-day simple moving average is $3.96. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 9th were given a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio is currently 19.79%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DLNG. FMR LLC grew its position in shares of Dynagas LNG Partners by 26.1% during 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 last quarter. Stifel Financial Corp boosted its stake in 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 acquiring an additional 23,500 shares during the period. Finally, Apollon Wealth Management LLC grew its holdings in shares of Dynagas LNG Partners by 17.5% during the third 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 during the last quarter.

Dynagas LNG Partners Company Profile

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.