Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Update

Dynagas LNG Partners LP (NYSE:DLNG) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 24,700 shares, an increase of 51.5% from the October 31st total of 16,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,000 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Dynagas LNG Partners in a report on Tuesday, November 26th. They issued a “strong-buy” rating for the company.

Dynagas LNG Partners Trading Up 1.5 %

NYSE:DLNG traded up $0.07 during trading hours on Friday, reaching $4.66. The company’s stock had a trading volume of 24,276 shares, compared to its average volume of 56,419. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.69 and a current ratio of 1.68. The firm has a market capitalization of $171.49 million, a price-to-earnings ratio of 4.85 and a beta of 1.37. The firm has a 50-day simple moving average of $4.01 and a 200-day simple moving average of $3.90. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $4.85.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. The company had revenue of $37.62 million during the quarter, compared to analysts’ expectations of $37.92 million. During the same quarter in the prior year, the firm posted $0.08 EPS. Research analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Dynagas LNG Partners Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 9th will be given a dividend of $0.049 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.20 annualized dividend and a yield of 4.21%.

Institutional Trading of Dynagas LNG Partners

A number of institutional investors have recently modified their holdings of DLNG. Apollon Wealth Management LLC boosted its holdings in Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after acquiring an additional 2,650 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Dynagas LNG Partners by 158.8% in the 3rd 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. Finally, FMR LLC boosted its stake in shares of Dynagas LNG Partners by 26.1% during the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after purchasing an additional 265,337 shares in the last quarter.

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.