Dynagas LNG Partners LP (NYSE:DLNG) Sees Large Growth in Short Interest

Dynagas LNG Partners LP (NYSE:DLNG) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 67,600 shares, an increase of 117.4% from the December 31st total of 31,100 shares. Based on an average trading volume of 58,900 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Dynagas LNG Partners in a research note on Sunday, January 5th. They set a “buy” rating for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position 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 valued at $4,854,000 after buying an additional 265,337 shares during the last quarter. Stifel Financial Corp lifted its stake in Dynagas LNG Partners by 158.8% during 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. Finally, Apollon Wealth Management LLC boosted its holdings 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 last quarter.

Dynagas LNG Partners Stock Down 2.8 %

DLNG traded down $0.14 during midday trading on Friday, reaching $4.81. The company’s stock had a trading volume of 87,417 shares, compared to its average volume of 130,701. The stock’s 50-day moving average is $4.96 and its 200-day moving average is $4.23. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $5.65. The firm has a market capitalization of $176.97 million, a price-to-earnings ratio of 5.01 and a beta of 1.38. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Friday, November 22nd. The shipping company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. As a group, research analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current year.

Dynagas LNG Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 9th were issued a $0.049 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.20 annualized dividend and a yield of 4.08%. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 20.83%.

Dynagas LNG Partners Company Profile

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.