Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.93 and traded as high as $3.18. Dynagas LNG Partners shares last traded at $3.13, with a volume of 48,536 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Dynagas LNG Partners in a report on Thursday. They set a “strong-buy” rating for the company.
Check Out Our Latest Stock Report on Dynagas LNG Partners
Dynagas LNG Partners Stock Down 0.3 %
Hedge Funds Weigh In On Dynagas LNG Partners
A number of institutional investors have recently added to or reduced their stakes in the company. UBS Group AG raised its holdings in Dynagas LNG Partners by 6.0% in the fourth quarter. UBS Group AG now owns 79,694 shares of the shipping company’s stock worth $209,000 after purchasing an additional 4,500 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Dynagas LNG Partners in the first quarter worth $34,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Dynagas LNG Partners in the second quarter worth $35,000. BNP Paribas Arbitrage SNC grew its stake in shares of Dynagas LNG Partners by 104.7% in the second quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock worth $63,000 after acquiring an additional 12,894 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Dynagas LNG Partners in the fourth quarter worth $42,000.
Dynagas LNG Partners Company Profile
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.
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