StockNews.com Initiates Coverage on Dynagas LNG Partners (NYSE:DLNG)

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

Dynagas LNG Partners Stock Performance

NYSE DLNG opened at $5.30 on Friday. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $5.65. The firm’s 50 day simple moving average is $4.36 and its 200 day simple moving average is $4.01. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $195.05 million, a price-to-earnings ratio of 5.52 and a beta of 1.42.

Institutional Investors Weigh In On Dynagas LNG Partners

Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp lifted 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 worth $145,000 after acquiring an additional 23,500 shares during the period. FMR LLC boosted its stake in shares of Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after purchasing an additional 265,337 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Dynagas LNG Partners by 17.5% during the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after buying an additional 2,650 shares during the period.

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.