Dynagas LNG Partners (NYSE:DLNG) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Dynagas LNG Partners LP (NYSE:DLNG)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.71 and traded as high as $3.73. Dynagas LNG Partners shares last traded at $3.63, with a volume of 28,540 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on DLNG. Wall Street Zen raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings cut shares of Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Dynagas LNG Partners Trading Down 0.4%

The company has a 50 day moving average of $3.71 and a 200-day moving average of $3.88. The stock has a market cap of $132.74 million, a price-to-earnings ratio of 2.40 and a beta of 0.53. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.63.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Friday, May 29th. The shipping company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $39.94 million during the quarter, compared to the consensus estimate of $36.92 million. Dynagas LNG Partners had a return on equity of 13.59% and a net margin of 41.60%.

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 paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Monday, May 18th. Dynagas LNG Partners’s dividend payout ratio is presently 13.16%.

Hedge Funds Weigh In On Dynagas LNG Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new stake in shares of Dynagas LNG Partners during the first quarter worth $51,000. XTX Topco Ltd purchased a new position in Dynagas LNG Partners in the fourth quarter valued at $57,000. Diversified Enterprises LLC purchased a new position in Dynagas LNG Partners in the fourth quarter valued at $81,000. Virtu Financial LLC acquired a new position in Dynagas LNG Partners during the 4th quarter worth $100,000. Finally, Geneos Wealth Management Inc. increased its holdings in Dynagas LNG Partners by 100.0% during the 2nd 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 during the period.

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.