Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Grows By 117.4%

Dynagas LNG Partners LP (NYSE:DLNG) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 67,600 shares, an increase of 117.4% from the December 31st total of 31,100 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 58,900 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Dynagas LNG Partners in a research report on Sunday, January 5th. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DLNG. FMR LLC raised 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 purchasing an additional 265,337 shares during the period. 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 during the last quarter. Finally, 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 worth $67,000 after acquiring an additional 2,650 shares during the period.

Dynagas LNG Partners Stock Performance

Shares of DLNG stock traded down $0.01 during trading on Wednesday, hitting $4.87. The company’s stock had a trading volume of 96,486 shares, compared to its average volume of 136,327. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The company has a market cap of $179.04 million, a PE ratio of 5.07 and a beta of 1.38. The business has a fifty day moving average of $4.94 and a 200-day moving average of $4.23. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $5.65.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data 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, research analysts anticipate that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 9th were given a $0.049 dividend. This represents a $0.20 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio is 19.79%.

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.