Dynagas LNG Partners (NYSE:DLNG) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a strong-buy rating in a report released on Wednesday.

Dynagas LNG Partners Price Performance

Shares of NYSE:DLNG opened at $4.35 on Wednesday. The company has a 50 day moving average of $4.95 and a 200 day moving average of $4.28. The stock has a market cap of $160.08 million, a P/E ratio of 4.53 and a beta of 1.36. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $5.65. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.

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

Dynagas LNG Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, February 24th will be issued a $0.049 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.51%. Dynagas LNG Partners’s payout ratio is 20.83%.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of hedge funds have recently made changes to their positions in DLNG. Apollon Wealth Management LLC lifted its holdings in shares of Dynagas LNG Partners by 17.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after acquiring an additional 2,650 shares during the last quarter. FMR LLC lifted its holdings 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 last quarter. Stifel Financial Corp raised its holdings in 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 during the last quarter. Finally, Sei Investments Co. bought a new stake in Dynagas LNG Partners during 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.