Dynagas LNG Partners (NYSE:DLNG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report issued on Saturday. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Dynagas LNG Partners stock opened at $5.30 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The company’s fifty day moving average price is $4.36 and its 200 day moving average price is $4.01. The stock has a market capitalization of $195.05 million, a P/E ratio of 5.52 and a beta of 1.42. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $5.65.

Dynagas LNG Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 9th were issued a $0.049 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.70%. Dynagas LNG Partners’s payout ratio is 19.79%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its stake in Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after purchasing an additional 23,500 shares during the period. FMR LLC raised 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 period. Finally, Apollon Wealth Management LLC lifted its holdings in Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after acquiring 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.