Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Up 18.6% in March

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 83,020 shares, an increase of 18.6% from the February 26th total of 70,012 shares. Based on an average daily volume of 153,401 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Dynagas LNG Partners

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC grew its stake 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 worth $692,000 after buying an additional 155,902 shares during the last quarter. Susquehanna International Group LLP raised 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 valued at $513,000 after acquiring an additional 118,616 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Dynagas LNG Partners by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock worth $151,000 after acquiring an additional 21,518 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Dynagas LNG Partners in the 4th quarter worth approximately $100,000. Finally, Diversified Enterprises LLC bought a new stake in Dynagas LNG Partners during the 4th quarter worth approximately $81,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Dynagas LNG Partners to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings raised Dynagas LNG Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Dynagas LNG Partners Stock Performance

Shares of NYSE DLNG traded down $0.02 during mid-day trading on Wednesday, hitting $4.26. The company had a trading volume of 122,305 shares, compared to its average volume of 116,486. Dynagas LNG Partners has a 12 month low of $3.18 and a 12 month high of $4.45. The firm has a market cap of $156.68 million, a P/E ratio of 3.11 and a beta of 0.72. The business’s 50-day simple moving average is $4.01 and its 200-day simple moving average is $3.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.02 and a quick ratio of 1.02.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Friday, March 13th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. Dynagas LNG Partners had a return on equity of 15.20% and a net margin of 39.36%.The firm had revenue of $37.84 million for the quarter, compared to analyst estimates of $35.68 million. As a group, analysts predict that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Dynagas LNG Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, February 23rd. Dynagas LNG Partners’s dividend payout ratio is presently 14.60%.

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.