Dynagas LNG Partners (NYSE:DLNG) Releases Earnings Results, Hits Estimates

Dynagas LNG Partners (NYSE:DLNG) posted its quarterly earnings results on Friday. The shipping company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29, Zacks reports. Dynagas LNG Partners had a net margin of 39.36% and a return on equity of 14.96%.

Dynagas LNG Partners Stock Down 1.0%

Shares of NYSE:DLNG traded down $0.04 during trading on Friday, reaching $3.81. 29,343 shares of the company traded hands, compared to its average volume of 95,005. The firm has a fifty day simple moving average of $4.01 and a 200 day simple moving average of $3.90. Dynagas LNG Partners has a 1-year low of $3.40 and a 1-year high of $4.45. The firm has a market cap of $138.87 million, a P/E ratio of 2.73 and a beta of 0.55.

Dynagas LNG Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were given a $0.05 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.20 dividend on an annualized basis and a yield of 5.2%. Dynagas LNG Partners’s dividend payout ratio is presently 14.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $57,000. Virtu Financial LLC acquired a new position in Dynagas LNG Partners in the fourth quarter worth approximately $100,000. Geneos Wealth Management Inc. raised its position in Dynagas LNG Partners by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after acquiring an additional 21,518 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Dynagas LNG Partners by 430.1% in the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock valued at $513,000 after acquiring an additional 118,616 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Dynagas LNG Partners by 548.8% during the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock worth $692,000 after purchasing an additional 155,902 shares during the last quarter.

Wall Street Analyst Weigh In

DLNG has been the topic of several recent research reports. Weiss Ratings lowered shares of Dynagas LNG Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, April 13th. Wall Street Zen upgraded Dynagas LNG Partners to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Dynagas LNG Partners has an average rating of “Hold”.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.