Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Update

Dynagas LNG Partners LP (NYSE:DLNG) saw a large drop in short interest during 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. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 89,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Dynagas LNG Partners

Several institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in Dynagas LNG Partners by 26.1% during the third 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 last quarter. Stifel Financial Corp grew its holdings 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 last quarter. Sei Investments Co. purchased a new position in shares of Dynagas LNG Partners in the fourth quarter valued at $75,000. Finally, NewEdge Advisors LLC increased its position in shares of Dynagas LNG Partners by 36.2% in the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock valued at $100,000 after buying an additional 4,884 shares in the last quarter.

Dynagas LNG Partners Price Performance

NYSE:DLNG traded down $0.01 during trading hours on Friday, hitting $3.85. The company’s stock had a trading volume of 33,095 shares, compared to its average volume of 56,716. The company has a market capitalization of $141.69 million, a PE ratio of 4.01 and a beta of 1.37. Dynagas LNG Partners has a 52-week low of $2.81 and a 52-week high of $5.65. The business’s 50-day moving average is $4.27 and its two-hundred day moving average is $4.33. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Thursday, March 6th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $41.66 million during the quarter, compared to the consensus estimate of $38.34 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. As a group, research analysts anticipate that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, February 24th were given a dividend of $0.049 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.09%. Dynagas LNG Partners’s payout ratio is 18.27%.

Wall Street Analysts Forecast Growth

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

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.