Dynagas LNG Partners (NYSE:DLNG) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report issued on Thursday morning. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Stock Performance

Shares of DLNG stock opened at $4.57 on Thursday. The firm has a 50 day moving average of $4.16 and a 200-day moving average of $3.95. The company has a market cap of $168.18 million, a price-to-earnings ratio of 4.76 and a beta of 1.42. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $4.85.

Dynagas LNG Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 9th were paid a $0.049 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.20 annualized dividend and a yield of 4.29%. Dynagas LNG Partners’s dividend payout ratio (DPR) is 20.83%.

Institutional Trading of Dynagas LNG Partners

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its position in 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. Stifel Financial Corp increased its position in shares of Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after acquiring an additional 23,500 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in 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 purchasing an additional 2,650 shares during the last quarter.

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.