Dynagas LNG Partners (NYSE:DLNG) Upgraded at StockNews.com

StockNews.com upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a strong-buy rating in a report released on Monday.

Dynagas LNG Partners Stock Performance

Dynagas LNG Partners stock opened at $3.76 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Dynagas LNG Partners has a 1-year low of $3.18 and a 1-year high of $5.65. The firm has a market capitalization of $138.30 million, a P/E ratio of 3.92 and a beta of 0.77. The company’s 50-day moving average is $3.65 and its 200 day moving average is $4.25.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Thursday, March 6th. The shipping company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The company had revenue of $41.66 million for the quarter, compared to analyst estimates of $38.34 million. Research analysts forecast that Dynagas LNG Partners will post 1.08 EPS for the current year.

Dynagas LNG Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 19th will be given a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date is Monday, May 19th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 18.27%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of hedge funds have recently added to or reduced their stakes in DLNG. Sei Investments Co. bought a new position in Dynagas LNG Partners in the 4th quarter worth about $75,000. Exchange Traded Concepts LLC grew its stake in Dynagas LNG Partners by 377.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 13,837 shares of the shipping company’s stock worth $52,000 after acquiring an additional 10,938 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Dynagas LNG Partners by 36.2% in the 4th quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock worth $100,000 after acquiring an additional 4,884 shares in the last quarter.

About Dynagas LNG Partners

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.