StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG – Free Report) in a research note released on Wednesday. The firm issued a strong-buy rating on the shipping company’s stock.
Dynagas LNG Partners Stock Performance
Shares of Dynagas LNG Partners stock opened at $3.00 on Wednesday. The firm has a market capitalization of $110.52 million, a P/E ratio of 4.55 and a beta of 1.56. The business’s fifty day simple moving average is $2.91 and its 200 day simple moving average is $2.77. The company has a current ratio of 2.83, a quick ratio of 2.46 and a debt-to-equity ratio of 1.30. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $3.19.
Institutional Trading of Dynagas LNG Partners
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. purchased a new position in shares of Dynagas LNG Partners in the 1st quarter worth about $34,000. UBS Group AG boosted its holdings in shares of Dynagas LNG Partners by 60.3% in the 1st quarter. UBS Group AG now owns 43,594 shares of the shipping company’s stock worth $175,000 after purchasing an additional 16,400 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of Dynagas LNG Partners in the 1st quarter worth about $159,000. Cubist Systematic Strategies LLC purchased a new position in shares of Dynagas LNG Partners in the 2nd quarter worth about $35,000. Finally, Jane Street Group LLC purchased a new position in shares of Dynagas LNG Partners in the 4th quarter worth about $64,000.
About Dynagas LNG Partners
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.
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