NewEdge Advisors LLC Has $100,000 Stock Holdings in Dynagas LNG Partners LP (NYSE:DLNG)

NewEdge Advisors LLC raised its position in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 36.2% in the 4th quarter, Holdings Channel reports. The firm owned 18,390 shares of the shipping company’s stock after acquiring an additional 4,884 shares during the period. NewEdge Advisors LLC’s holdings in Dynagas LNG Partners were worth $100,000 at the end of the most recent reporting period.

Separately, Sei Investments Co. bought a new position in shares of Dynagas LNG Partners in the 4th quarter valued at $75,000.

Dynagas LNG Partners Stock Performance

Shares of Dynagas LNG Partners stock opened at $3.45 on Friday. The company’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $4.26. The firm has a market capitalization of $126.90 million, a P/E ratio of 3.59 and a beta of 1.14. Dynagas LNG Partners LP has a fifty-two week low of $3.18 and a fifty-two week high of $5.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Thursday, March 6th. The shipping company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $41.66 million for the quarter, compared to analyst estimates of $38.34 million. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. On average, equities analysts forecast that Dynagas LNG Partners LP will post 1.08 earnings per share for the current fiscal year.

Dynagas LNG Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, February 24th were paid a $0.049 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend was Monday, February 24th. Dynagas LNG Partners’s dividend payout ratio is currently 18.27%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

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.