Dynagas LNG Partners (DLNG) Now Covered by Analysts at B. Riley

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B. Riley assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $10.50 price objective on the shipping company’s stock.

DLNG has been the topic of several other research reports. ValuEngine upgraded Dynagas LNG Partners from a strong sell rating to a sell rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded Dynagas LNG Partners from a buy rating to a hold rating in a research report on Wednesday, October 31st. Finally, Berenberg Bank assumed coverage on Dynagas LNG Partners in a research report on Thursday, September 6th. They issued a hold rating and a $9.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $10.59.

Shares of NYSE DLNG traded down $0.10 during midday trading on Friday, hitting $8.12. The stock had a trading volume of 109,816 shares, compared to its average volume of 125,855. The company has a market cap of $294.15 million, a PE ratio of 10.97, a price-to-earnings-growth ratio of 20.19 and a beta of 1.16. Dynagas LNG Partners has a 1 year low of $7.51 and a 1 year high of $13.97. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.81 and a quick ratio of 2.81.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 19th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 12.32%. Dynagas LNG Partners’s payout ratio is 135.14%.

A hedge fund recently raised its stake in Dynagas LNG Partners stock. Guggenheim Capital LLC increased its stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 26.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 221,372 shares of the shipping company’s stock after buying an additional 45,866 shares during the quarter. Guggenheim Capital LLC owned about 0.62% of Dynagas LNG Partners worth $2,214,000 at the end of the most recent reporting period. 11.27% of the stock is currently owned by institutional investors and hedge funds.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

See Also: Diversification

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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