Dynagas LNG Partners LP (NYSE:DLNG) Sees Large Decline in Short Interest

by · The Markets Daily

Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 80,601 shares, a drop of 42.4% from the September 30th total of 139,983 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 71,101 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen raised shares of Dynagas LNG Partners to a “buy” rating in a report on Saturday, September 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynagas LNG Partners in a report on Tuesday, October 6th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Get Our Latest Stock Report on Dynagas LNG Partners

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Coppell Advisory Solutions LLC purchased a new position in shares of Dynagas LNG Partners in the second quarter valued at $35,000. Sei Investments Co. raised its stake in Dynagas LNG Partners by 307.3% in the first quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock valued at $240,000 after purchasing an additional 42,306 shares in the last quarter. Finally, IMC Chicago LLC purchased a new stake in Dynagas LNG Partners in the first quarter valued at approximately $51,000.

Dynagas LNG Partners Stock Down 0.9%

DLNG stock traded down $0.03 during trading on Friday, reaching $3.26. 50,652 shares of the stock were exchanged, compared to its average volume of 64,661. The firm’s 50 day moving average is $3.63 and its 200 day moving average is $3.80. The firm has a market cap of $118.73 million, a P/E ratio of 1.94 and a beta of 0.55. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.64. Dynagas LNG Partners has a twelve month low of $3.25 and a twelve month high of $4.45.

Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last announced its quarterly earnings results on Tuesday, September 8th. The shipping company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.11. The business had revenue of $41.19 million for the quarter, compared to analysts’ expectations of $36.31 million. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%.

Dynagas LNG Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, August 24th. Dynagas LNG Partners’s payout ratio is presently 11.90%.

About Dynagas LNG Partners

(Get Free Report)

Dynagas LNG Partners LP (NYSE: DLNG) is a maritime transportation company focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne LNG transportation services to energy companies, utilities and other commercial customers under primarily long-term charter arrangements.

The company’s fleet has included conventional and ice-class LNG carriers designed to transport LNG safely and efficiently between production regions, receiving terminals and other destinations.

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