Dynagas LNG Partners (NYSE:DLNG) Cut to Buy at StockNews.com

StockNews.com downgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

Dynagas LNG Partners Stock Performance

DLNG opened at $4.13 on Thursday. Dynagas LNG Partners has a 52-week low of $2.27 and a 52-week high of $5.65. The firm’s 50-day moving average price is $4.91 and its 200-day moving average price is $4.30. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The company has a market cap of $151.98 million, a P/E ratio of 4.30 and a beta of 1.36.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Friday, November 22nd. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. As a group, equities analysts anticipate that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, February 24th will be given a dividend of $0.049 per share. The ex-dividend date is Monday, February 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.75%. Dynagas LNG Partners’s dividend payout ratio (DPR) is 20.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stifel Financial Corp lifted its position in shares of Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after buying an additional 23,500 shares in the last quarter. FMR LLC lifted 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 in the last quarter. Apollon Wealth Management LLC lifted its position 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 buying an additional 2,650 shares in the last quarter. NewEdge Advisors LLC lifted 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. purchased a new position in Dynagas LNG Partners in the 4th quarter valued at $75,000.

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.