Dynagas LNG Partners (NYSE:DLNG) Issues Earnings Results

Dynagas LNG Partners (NYSE:DLNG) released its quarterly earnings results on Friday. The shipping company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29, Zacks reports. Dynagas LNG Partners had a return on equity of 14.96% and a net margin of 39.36%.

Dynagas LNG Partners Stock Down 2.8%

NYSE:DLNG traded down $0.11 during mid-day trading on Friday, hitting $3.74. 25,036 shares of the company traded hands, compared to its average volume of 94,965. The stock’s fifty day moving average price is $4.01 and its 200-day moving average price is $3.90. Dynagas LNG Partners has a one year low of $3.40 and a one year high of $4.45. The firm has a market cap of $136.25 million, a price-to-earnings ratio of 2.73 and a beta of 0.55.

Dynagas LNG Partners Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DLNG. XTX Topco Ltd bought a new stake in Dynagas LNG Partners during the 4th quarter worth approximately $57,000. Virtu Financial LLC bought a new position in shares of Dynagas LNG Partners in the fourth quarter worth approximately $100,000. Geneos Wealth Management Inc. increased its stake in shares of 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 worth $151,000 after purchasing an additional 21,518 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of 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 worth $513,000 after purchasing an additional 118,616 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of 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 valued at $692,000 after purchasing an additional 155,902 shares during the period.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen raised Dynagas LNG Partners to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings cut 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, Based on data from MarketBeat, the stock currently 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.