Dynagas LNG Partners (NYSE:DLNG) Research Coverage Started at StockNews.com

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

Dynagas LNG Partners Stock Performance

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

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 issued a dividend of $0.049 per share. 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 is currently 20.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DLNG. Stifel Financial Corp raised its holdings in Dynagas LNG Partners by 158.8% in the 3rd 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 during the period. FMR LLC lifted its holdings in shares of 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 buying an additional 265,337 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after acquiring an additional 2,650 shares during the period.

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.