Dynagas LNG Partners (NYSE:DLNG) Now Covered by StockNews.com

StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report published on Saturday morning. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Shares of Dynagas LNG Partners stock opened at $5.38 on Friday. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $5.65. The firm has a fifty day simple moving average of $4.36 and a 200-day simple moving average of $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 stock has a market capitalization of $197.99 million, a price-to-earnings ratio of 5.60 and a beta of 1.42.

Dynagas LNG Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were given a $0.049 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio is currently 19.79%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC boosted its position in shares of Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after acquiring an additional 2,650 shares during the period. Stifel Financial Corp raised its stake in Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 23,500 shares during the last quarter. Finally, FMR LLC raised its stake in Dynagas LNG Partners by 26.1% during 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.

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.