Stifel Financial Corp Grows Stake in Dynagas LNG Partners LP (NYSE:DLNG)

Stifel Financial Corp increased its position in Dynagas LNG Partners LP (NYSE:DLNG) by 158.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,300 shares of the shipping company’s stock after acquiring an additional 23,500 shares during the quarter. Stifel Financial Corp’s holdings in Dynagas LNG Partners were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Apollon Wealth Management LLC grew its stake in shares of Dynagas LNG Partners by 17.5% during 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 during the period.

Dynagas LNG Partners Stock Performance

Shares of DLNG opened at $5.38 on Tuesday. The business has a 50-day simple moving average of $4.36 and a two-hundred day simple moving average of $4.01. The stock has a market cap of $197.99 million, a price-to-earnings ratio of 5.60 and a beta of 1.42. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. Dynagas LNG Partners LP has a 52 week low of $2.27 and a 52 week high of $5.65.

Dynagas LNG Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 9th were given 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 dividend yield of 3.64%. Dynagas LNG Partners’s payout ratio is currently 19.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Dynagas LNG Partners in a report on Saturday. They set a “strong-buy” rating for the company.

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.