Dynagas LNG Partners LP (NYSE:DLNG) Stock Short Interest Report for September
by Kim Johansen · The Markets DailyDynagas LNG Partners LP (NYSE:DLNG – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 139,983 shares, an increase of 234.4% from the September 15th total of 41,864 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 70,225 shares, the short-interest ratio is presently 2.0 days.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on DLNG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynagas LNG Partners in a report on Tuesday. Wall Street Zen raised Dynagas LNG Partners to a “buy” rating in a report on Saturday, September 19th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.
View Our Latest Research Report on Dynagas LNG Partners
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DLNG. Coppell Advisory Solutions LLC bought a new stake in Dynagas LNG Partners during the 2nd quarter worth about $35,000. IMC Chicago LLC acquired a new stake in Dynagas LNG Partners in the 1st quarter valued at about $51,000. Finally, Sei Investments Co. increased its position in Dynagas LNG Partners by 307.3% in 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 in the last quarter.
Dynagas LNG Partners Price Performance
DLNG stock traded down $0.12 during midday trading on Friday, reaching $3.58. 94,041 shares of the company’s stock traded hands, compared to its average volume of 68,139. The company has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $3.79. Dynagas LNG Partners has a 1-year low of $3.27 and a 1-year high of $4.45. The company has a market cap of $130.57 million, a price-to-earnings ratio of 2.13 and a beta of 0.55. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.64.
Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last issued its quarterly earnings data on Monday, September 7th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11. The firm had revenue of $41.19 million during 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 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. The ex-dividend date was Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.6%. Dynagas LNG Partners’s dividend payout ratio (DPR) is 11.90%.
About Dynagas LNG Partners
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.
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