Dynagas LNG Partners (NYSE:DLNG) Announces Quarterly Earnings Results

Dynagas LNG Partners (NYSE:DLNG) posted its earnings results on Thursday. The shipping company reported $0.36 earnings per share for the quarter, Zacks reports. Dynagas LNG Partners had a net margin of 35.60% and a return on equity of 16.11%.

Dynagas LNG Partners Trading Up 7.6%

NYSE DLNG traded up $0.27 on Thursday, reaching $3.80. The stock had a trading volume of 64,726 shares, compared to its average volume of 54,109. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $3.60 and a two-hundred day moving average price of $3.62. Dynagas LNG Partners has a 12-month low of $3.18 and a 12-month high of $5.65. The firm has a market capitalization of $139.78 million, a price-to-earnings ratio of 3.39 and a beta of 0.77.

Dynagas LNG Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from Dynagas LNG Partners’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a yield of 5.3%. Dynagas LNG Partners’s dividend payout ratio is presently 17.86%.

Institutional Trading of Dynagas LNG Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in Dynagas LNG Partners by 100.0% in the second 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. Susquehanna International Group LLP boosted its holdings 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 purchasing an additional 118,616 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Dynagas LNG Partners by 548.8% in the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock valued at $692,000 after purchasing an additional 155,902 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dynagas LNG Partners in a research report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.