Dynagas LNG Partners (NYSE:DLNG) Posts Quarterly Earnings Results

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

Dynagas LNG Partners Price Performance

Shares of NYSE DLNG opened at $3.87 on Wednesday. The company has a market capitalization of $140.76 million, a price-to-earnings ratio of 2.54 and a beta of 0.54. The business has a 50-day moving average of $3.70 and a 200-day moving average of $3.84. Dynagas LNG Partners has a 1-year low of $3.27 and a 1-year high of $4.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.61.

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 paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, August 24th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 13.16%.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC raised 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 valued at $692,000 after acquiring an additional 155,902 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of Dynagas LNG Partners by 430.1% during the 3rd 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. Virtu Financial LLC acquired a new stake in shares of Dynagas LNG Partners in the fourth quarter worth about $100,000. Geneos Wealth Management Inc. raised its holdings in 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 during the period. Finally, XTX Topco Ltd acquired a new position in Dynagas LNG Partners during the 4th quarter valued at $57,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings cut Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Dynagas LNG Partners 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.