Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Declines By 30.1%

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 50,900 shares, a drop of 30.1% from the February 28th total of 72,800 shares. Based on an average daily trading volume, of 89,500 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. acquired a new position in Dynagas LNG Partners during the fourth quarter valued at approximately $75,000. NewEdge Advisors LLC raised its stake in shares of Dynagas LNG Partners by 36.2% during the 4th quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock worth $100,000 after purchasing an additional 4,884 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Dynagas LNG Partners by 158.8% in the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after buying an additional 23,500 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Dynagas LNG Partners by 26.1% in the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after buying an additional 265,337 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

Dynagas LNG Partners Stock Up 1.9 %

DLNG stock traded up $0.07 during trading hours on Tuesday, reaching $3.84. 22,580 shares of the stock were exchanged, compared to its average volume of 56,564. The firm’s 50-day moving average is $4.22 and its 200-day moving average is $4.33. Dynagas LNG Partners has a 12 month low of $2.84 and a 12 month high of $5.65. The company has a market cap of $141.32 million, a price-to-earnings ratio of 4.00 and a beta of 1.37. 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 (NYSE:DLNG) last announced its earnings results on Thursday, March 6th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $41.66 million for the quarter, compared to analyst estimates of $38.34 million. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. On average, equities research analysts expect that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, February 24th were given a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend was Monday, February 24th. Dynagas LNG Partners’s dividend payout ratio is presently 18.27%.

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.