Dynagas LNG Partners (NYSE:DLNG) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Dynagas LNG Partners LP (NYSE:DLNG) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.85 and traded as high as $5.23. Dynagas LNG Partners shares last traded at $5.11, with a volume of 120,155 shares.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Dynagas LNG Partners in a research note on Sunday, January 5th. They issued a “buy” rating on the stock.

Dynagas LNG Partners Stock Performance

The company has a market capitalization of $187.86 million, a P/E ratio of 5.32 and a beta of 1.38. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average is $4.85 and its two-hundred day moving average is $4.18.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Friday, November 22nd. The shipping company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. Equities analysts anticipate that Dynagas LNG Partners LP will post 1.08 earnings per share for the current fiscal year.

Dynagas LNG Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were paid a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 20.83%.

Institutional Trading of Dynagas LNG Partners

Institutional investors have recently made changes to their positions in the stock. Apollon Wealth Management LLC raised its holdings in Dynagas LNG Partners by 17.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after buying an additional 2,650 shares during the last quarter. FMR LLC raised its stake in shares of Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after acquiring an additional 265,337 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after purchasing an additional 23,500 shares during the period.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.