Dynagas LNG Partners (NYSE:DLNG) Posts Earnings Results, Meets Expectations

Dynagas LNG Partners (NYSE:DLNG) announced its quarterly earnings results on Friday. The shipping company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29, Zacks reports. Dynagas LNG Partners had a net margin of 39.36% and a return on equity of 14.96%. The firm had revenue of $39.94 million during the quarter, compared to analyst estimates of $36.92 million.

Dynagas LNG Partners Trading Down 1.8%

Shares of NYSE DLNG opened at $3.78 on Friday. The firm has a 50 day moving average of $4.00 and a 200 day moving average of $3.90. The firm has a market capitalization of $137.66 million, a price-to-earnings ratio of 2.76 and a beta of 0.55. Dynagas LNG Partners has a 12-month low of $3.40 and a 12-month high of $4.45.

Dynagas LNG Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.3%. The ex-dividend date was Monday, May 18th. Dynagas LNG Partners’s payout ratio is 14.60%.

Institutional Trading of Dynagas LNG Partners

Several large investors have recently added to or reduced their stakes in DLNG. Acadian Asset Management LLC lifted its holdings in 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 purchasing an additional 155,902 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Dynagas LNG Partners by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after purchasing an additional 21,518 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in Dynagas LNG Partners by 430.1% during the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock valued at $513,000 after purchasing an additional 118,616 shares in the last quarter. XTX Topco Ltd purchased a new position in Dynagas LNG Partners during the fourth quarter valued at approximately $57,000. Finally, Virtu Financial LLC purchased a new position in Dynagas LNG Partners during the fourth quarter valued at approximately $100,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Dynagas LNG Partners to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings lowered shares of Dynagas LNG Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Dynagas LNG Partners presently has a consensus rating of “Hold”.

Dynagas LNG Partners Company Profile

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.