Dynagas LNG Partners (NYSE:DLNG) Posts Earnings Results, Beats Estimates By $0.08 EPS

Dynagas LNG Partners (NYSE:DLNG) issued its quarterly earnings data on Friday. The shipping company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08, Zacks reports. The business had revenue of $37.84 million for the quarter, compared to the consensus estimate of $35.68 million. Dynagas LNG Partners had a return on equity of 15.62% and a net margin of 37.92%.

Dynagas LNG Partners Stock Performance

NYSE DLNG traded down $0.17 during trading on Friday, hitting $4.00. The company’s stock had a trading volume of 177,872 shares, compared to its average volume of 113,599. Dynagas LNG Partners has a 52 week low of $3.18 and a 52 week high of $4.45. The firm has a market cap of $147.16 million, a P/E ratio of 3.13 and a beta of 0.72. The firm has a 50 day moving average price of $3.93 and a 200 day moving average price of $3.76. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.74.

Dynagas LNG Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 5.0%. Dynagas LNG Partners’s dividend payout ratio (DPR) is 15.63%.

Institutional Investors Weigh In On Dynagas LNG Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in Dynagas LNG Partners during the fourth quarter worth $100,000. XTX Topco Ltd acquired a new stake in Dynagas LNG Partners in the 4th quarter worth $57,000. Susquehanna International Group LLP increased its holdings in shares of Dynagas LNG Partners by 430.1% during the 3rd quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock worth $513,000 after purchasing an additional 118,616 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Dynagas LNG Partners by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock worth $151,000 after purchasing an additional 21,518 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Dynagas LNG Partners by 548.8% during the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock valued at $692,000 after buying an additional 155,902 shares during the last quarter.

Analyst Ratings Changes

DLNG has been the topic of several analyst reports. Wall Street Zen upgraded Dynagas LNG Partners to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings raised shares of Dynagas LNG Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.