Dynagas LNG Partners (NYSE:DLNG) Posts Earnings Results, Beats Estimates By $0.11 EPS

Dynagas LNG Partners (NYSE:DLNG) posted its quarterly earnings data on Tuesday. The shipping company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.11, FiscalAI reports. Dynagas LNG Partners had a return on equity of 13.59% and a net margin of 41.60%.The business had revenue of $41.19 million during the quarter, compared to analysts’ expectations of $36.31 million.

Dynagas LNG Partners Price Performance

Shares of DLNG stock opened at $3.79 on Tuesday. Dynagas LNG Partners has a 12 month low of $3.27 and a 12 month high of $4.45. The company has a market capitalization of $138.10 million, a P/E ratio of 2.50 and a beta of 0.54. The stock has a 50 day moving average of $3.69 and a two-hundred day moving average of $3.84. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64.

Dynagas LNG Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.05 dividend. The ex-dividend date was Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.3%. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 13.16%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its stake in Dynagas LNG Partners by 548.8% during the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock worth $692,000 after buying an additional 155,902 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of Dynagas LNG Partners by 430.1% in the 3rd quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock valued at $513,000 after buying an additional 118,616 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Dynagas LNG Partners by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after buying an additional 21,518 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Dynagas LNG Partners during the 4th quarter worth about $100,000. Finally, XTX Topco Ltd bought a new position in shares of Dynagas LNG Partners during the 4th quarter worth about $57,000.

Wall Street Analyst Weigh In

DLNG has been the topic of several recent analyst reports. Wall Street Zen raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings cut Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dynagas LNG Partners currently 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.