Dynagas LNG Partners (NYSE:DLNG) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS
by Sarita Garza · The Markets DailyDynagas LNG Partners (NYSE:DLNG – Get Free Report) posted its earnings results on Tuesday. 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 firm had revenue of $41.19 million for the quarter, compared to analyst estimates of $36.31 million.
Dynagas LNG Partners Stock Up 3.8%
Shares of NYSE:DLNG traded up $0.14 during trading hours on Tuesday, reaching $3.80. The stock had a trading volume of 16,971 shares, compared to its average volume of 79,702. Dynagas LNG Partners has a 1 year low of $3.27 and a 1 year high of $4.45. The firm’s 50 day moving average is $3.69 and its 200-day moving average is $3.84. The stock has a market capitalization of $138.36 million, a price-to-earnings ratio of 2.49 and a beta of 0.54. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.3%. Dynagas LNG Partners’s dividend payout ratio is currently 13.16%.
Hedge Funds Weigh In On Dynagas LNG Partners
A number of institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC lifted its holdings 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 worth $692,000 after buying an additional 155,902 shares during the last quarter. Susquehanna International Group LLP raised its position 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 acquiring an additional 118,616 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Dynagas LNG Partners by 100.0% during the second 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 last quarter. Virtu Financial LLC acquired a new position in Dynagas LNG Partners in the fourth quarter valued at approximately $100,000. Finally, XTX Topco Ltd purchased a new position in Dynagas LNG Partners in the fourth quarter valued at approximately $57,000.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on DLNG. Wall Street Zen raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings lowered shares of Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Dynagas LNG Partners currently has a consensus rating of “Hold”.
Get Our Latest Stock Report on Dynagas LNG Partners
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.
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