Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Update

Dynagas LNG Partners LP (NYSE:DLNG) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 67,600 shares, a growth of 117.4% from the December 15th total of 31,100 shares. Based on an average trading volume of 58,900 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Dynagas LNG Partners in a research report on Sunday, January 5th. They issued a “buy” rating on the stock.

Dynagas LNG Partners Trading Down 3.3 %

Shares of DLNG traded down $0.17 during trading on Thursday, reaching $5.03. 188,025 shares of the company traded hands, compared to its average volume of 151,882. The stock has a market cap of $185.11 million, a PE ratio of 5.24 and a beta of 1.38. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $5.65. The stock has a 50-day simple moving average of $4.77 and a 200-day simple moving average of $4.15.

Dynagas LNG Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were paid a $0.049 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.90%. Dynagas LNG Partners’s payout ratio is presently 19.79%.

Hedge Funds Weigh In On Dynagas LNG Partners

Several hedge funds have recently bought and sold shares of DLNG. FMR LLC increased its stake in Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after purchasing an additional 265,337 shares during the period. Stifel Financial Corp boosted its position in Dynagas LNG Partners by 158.8% in the 3rd 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 during the period. Finally, Apollon Wealth Management LLC grew its stake 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 worth $67,000 after acquiring an additional 2,650 shares in the last quarter.

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.