Dynagas LNG Partners LP (NYSE:DLNG) Stock Short Interest Report for September

Dynagas LNG Partners LP (NYSE:DLNG) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 139,983 shares, a growth of 234.4% from the September 15th total of 41,864 shares. Based on an average daily volume of 70,225 shares, the short-interest ratio is currently 2.0 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Dynagas LNG Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC acquired a new position in Dynagas LNG Partners in the second quarter valued at about $35,000. Sei Investments Co. boosted its holdings in Dynagas LNG Partners by 307.3% during the first quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock worth $240,000 after buying an additional 42,306 shares during the last quarter. Finally, IMC Chicago LLC bought a new position in Dynagas LNG Partners during the first quarter worth about $51,000.

Analyst Ratings Changes

Several analysts have recently commented on DLNG shares. Wall Street Zen raised shares of Dynagas LNG Partners to a “buy” rating in a research note on Saturday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of Dynagas LNG Partners in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Dynagas LNG Partners currently has a consensus rating of “Hold”.

Dynagas LNG Partners Trading Down 3.1%

DLNG traded down $0.12 during trading on Friday, reaching $3.58. 94,041 shares of the company’s stock were exchanged, compared to its average volume of 68,139. The company’s fifty day moving average price is $3.76 and its 200-day moving average price is $3.79. The firm has a market capitalization of $130.57 million, a PE ratio of 2.13 and a beta of 0.55. Dynagas LNG Partners has a fifty-two week low of $3.27 and a fifty-two week high of $4.45. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.86 and a current ratio of 0.88.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Monday, September 7th. The shipping company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. The company had revenue of $41.19 million for the quarter, compared to the consensus estimate of $36.31 million. Dynagas LNG Partners had a return on equity of 13.05% and a net margin of 42.33%.

Dynagas LNG Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.6%. Dynagas LNG Partners’s payout ratio is 11.90%.

About Dynagas LNG Partners

Dynagas LNG Partners LP (NYSE: DLNG) is a limited partnership focused on owning and operating liquefied natural gas (LNG) carriers and floating storage and regasification units. Its vessels are used to transport LNG and, in some cases, store and regasify the fuel for delivery into natural gas distribution systems.

The partnership’s fleet has included conventional LNG carriers as well as vessels designed for operation in challenging environments, including Arctic and ice-prone waters. Its vessels have generally operated under long-term charter agreements with international energy companies, supporting the movement of LNG between production regions, receiving terminals and end markets.

Dynagas LNG Partners was formed in 2013 by Dynagas Ltd.