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

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

Dynagas LNG Partners Stock Performance

Shares of DLNG stock opened at $5.49 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $5.65. The business’s 50 day simple moving average is $4.58 and its 200 day simple moving average is $4.09. The stock has a market capitalization of $202.04 million, a PE ratio of 5.72 and a beta of 1.38.

Dynagas LNG Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 9th were given a dividend of $0.049 per share. The ex-dividend date was Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.57%. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 19.79%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Stifel Financial Corp grew its stake in Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after purchasing an additional 23,500 shares during the period. FMR LLC increased its stake 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 valued at $4,854,000 after acquiring an additional 265,337 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position 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 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.