Dynagas LNG Partners (NYSE:DLNG) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report released on Thursday. The firm set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

DLNG opened at $3.13 on Thursday. The company has a quick ratio of 2.46, a current ratio of 2.83 and a debt-to-equity ratio of 1.30. The firm’s fifty day moving average price is $2.93 and its two-hundred day moving average price is $2.78. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $3.19.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG boosted its holdings in shares of Dynagas LNG Partners by 6.0% in the 4th quarter. UBS Group AG now owns 79,694 shares of the shipping company’s stock worth $209,000 after buying an additional 4,500 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Dynagas LNG Partners in the 1st quarter worth about $34,000. Cubist Systematic Strategies LLC purchased a new position in shares of Dynagas LNG Partners in the 2nd quarter worth about $35,000. BNP Paribas Arbitrage SNC raised its stake in Dynagas LNG Partners by 104.7% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 12,894 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in Dynagas LNG Partners in the 4th quarter valued at about $42,000.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.