Dynagas LNG Partners (NYSE:DLNG) Stock Breaks Below 50-Day Moving Average – Should You Sell?

Dynagas LNG Partners LP (NYSE:DLNG)’s share price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $3.76 and traded as low as $3.66. Dynagas LNG Partners shares last traded at $3.6870, with a volume of 37,013 shares trading hands.

Analyst Upgrades and Downgrades

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

Dynagas LNG Partners Stock Down 3.1%

The company’s fifty day simple moving average is $3.76 and its 200 day simple moving average is $3.79. 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 $130.56 million, a PE ratio of 2.13 and a beta of 0.55.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Monday, September 7th. The shipping company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. The firm had revenue of $41.19 million for the quarter, compared to the consensus estimate of $36.31 million. Dynagas LNG Partners had a return on equity of 13.05% and a net margin of 42.33%.

Dynagas LNG Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, August 24th. Dynagas LNG Partners’s dividend payout ratio is presently 11.90%.

Hedge Funds Weigh In On Dynagas LNG Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLNG. Sei Investments Co. lifted its position 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 period. IMC Chicago LLC purchased a new stake in Dynagas LNG Partners in the first quarter worth about $51,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Dynagas LNG Partners during the second quarter valued at approximately $35,000.

Dynagas LNG Partners Company Profile

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.