Dynagas LNG Partners (NYSE:DLNG) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

Dynagas LNG Partners LP (NYSE:DLNG) shares passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $3.72 and traded as low as $3.26. Dynagas LNG Partners shares last traded at $3.2950, with a volume of 65,760 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Dynagas LNG Partners in a report on Tuesday, October 6th. Wall Street Zen raised Dynagas LNG Partners to a “buy” rating in a research report on Saturday, September 19th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold”.

Dynagas LNG Partners Price Performance

The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $121.24 million, a price-to-earnings ratio of 1.98 and a beta of 0.55. The company has a fifty day moving average price of $3.71 and a two-hundred day moving average price of $3.75.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Tuesday, September 8th. The shipping company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%. The business had revenue of $41.19 million for the quarter, compared to analysts’ expectations of $36.31 million.

Dynagas LNG Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, August 24th. Dynagas LNG Partners’s dividend payout ratio is presently 11.90%.

Institutional Investors Weigh In On Dynagas LNG Partners

Several hedge funds have recently made changes to their positions in DLNG. Coppell Advisory Solutions LLC acquired a new position in Dynagas LNG Partners in the 2nd quarter valued at about $35,000. Sei Investments Co. raised its stake in Dynagas LNG Partners by 307.3% during the 1st quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock valued at $240,000 after acquiring an additional 42,306 shares during the last quarter. Finally, IMC Chicago LLC acquired a new stake in Dynagas LNG Partners during the 1st quarter worth approximately $51,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP (NYSE: DLNG) is a limited partnership focused on owning and operating liquefied natural gas (LNG) carriers and floating storage and regasification units. Its vessels are used to transport LNG and, in some cases, store and regasify the fuel for delivery into natural gas distribution systems.

The partnership’s fleet has included conventional LNG carriers as well as vessels designed for operation in challenging environments, including Arctic and ice-prone waters. Its vessels have generally operated under long-term charter agreements with international energy companies, supporting the movement of LNG between production regions, receiving terminals and end markets.

Dynagas LNG Partners was formed in 2013 by Dynagas Ltd.