Dynagas LNG Partners LP (NYSE:DLNG) Sees Large Decline in Short Interest

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 50,900 shares, a drop of 30.1% from the February 28th total of 72,800 shares. Based on an average daily volume of 89,500 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Dynagas LNG Partners

Institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after acquiring an additional 265,337 shares during the period. Stifel Financial Corp lifted its position 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 purchasing an additional 23,500 shares during the period. NewEdge Advisors LLC boosted its holdings in Dynagas LNG Partners by 36.2% in the 4th quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock valued at $100,000 after purchasing an additional 4,884 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in Dynagas LNG Partners during the 4th quarter worth approximately $75,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

Dynagas LNG Partners Stock Performance

Shares of DLNG traded down $0.08 during midday trading on Monday, reaching $3.77. 37,032 shares of the stock were exchanged, compared to its average volume of 56,638. Dynagas LNG Partners has a twelve month low of $2.81 and a twelve month high of $5.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $138.74 million, a price-to-earnings ratio of 3.93 and a beta of 1.37. The business’s 50-day moving average price is $4.25 and its 200 day moving average price is $4.33.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, March 6th. The shipping company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $41.66 million for the quarter, compared to analyst estimates of $38.34 million. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. On average, sell-side analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Monday, February 24th were issued a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.20%. The ex-dividend date was Monday, February 24th. Dynagas LNG Partners’s dividend payout ratio is presently 18.27%.

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.