Apollon Wealth Management LLC Has $67,000 Stake in Dynagas LNG Partners LP (NYSE:DLNG)

Apollon Wealth Management LLC boosted its holdings in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 17.5% in the third quarter, HoldingsChannel reports. The firm owned 17,780 shares of the shipping company’s stock after acquiring an additional 2,650 shares during the period. Apollon Wealth Management LLC’s holdings in Dynagas LNG Partners were worth $67,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

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

Dynagas LNG Partners Trading Up 10.0 %

DLNG stock opened at $4.61 on Tuesday. The business has a fifty day moving average price of $3.87 and a 200 day moving average price of $3.87. Dynagas LNG Partners LP has a fifty-two week low of $2.27 and a fifty-two week high of $4.61. The stock has a market capitalization of $169.66 million, a price-to-earnings ratio of 7.68 and a beta of 1.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results 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 business had revenue of $37.62 million for the quarter, compared to analyst estimates of $37.92 million. Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. During the same period in the prior year, the business earned $0.08 earnings per share. Analysts expect that Dynagas LNG Partners LP will post 1.05 EPS for the current fiscal year.

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.