Dynagas LNG Partners (NYSE:DLNG) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Dynagas LNG Partners (NYSE:DLNG) issued its earnings results on Monday. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11, FiscalAI reports. The business had revenue of $41.19 million during the quarter, compared to analysts’ expectations of $36.31 million. Dynagas LNG Partners had a net margin of 41.60% and a return on equity of 13.59%.

Dynagas LNG Partners Stock Performance

Shares of DLNG opened at $3.87 on Wednesday. The company’s 50 day simple moving average is $3.70 and its 200-day simple moving average is $3.84. The firm has a market cap of $140.76 million, a PE ratio of 2.54 and a beta of 0.54. Dynagas LNG Partners has a 12-month low of $3.27 and a 12-month high of $4.45. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64.

Dynagas LNG Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.2%. Dynagas LNG Partners’s dividend payout ratio (DPR) is 13.16%.

Institutional Trading of Dynagas LNG Partners

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its stake in Dynagas LNG Partners by 548.8% during the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock worth $692,000 after purchasing an additional 155,902 shares during the period. Geneos Wealth Management Inc. increased its stake in Dynagas LNG Partners by 100.0% in 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 during the period. Susquehanna International Group LLP increased its stake in Dynagas LNG Partners by 430.1% in 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 during the period. XTX Topco Ltd purchased a new position in shares of Dynagas LNG Partners during the fourth quarter worth about $57,000. Finally, Virtu Financial LLC acquired a new position in Dynagas LNG Partners in the 4th quarter valued at about $100,000.

Analyst Ratings Changes

Several equities research analysts recently commented on DLNG shares. Wall Street Zen upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings lowered Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average 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.