StockNews.com Initiates Coverage on Dynagas LNG Partners (NYSE:DLNG)

Research analysts at StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report issued on Sunday. The firm set a “buy” rating on the shipping company’s stock.

Dynagas LNG Partners Stock Up 1.3 %

Shares of DLNG opened at $5.55 on Friday. The company has a market capitalization of $204.25 million, a price-to-earnings ratio of 5.78 and a beta of 1.38. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $5.65. The stock’s 50-day moving average price is $4.55 and its 200-day moving average price is $4.08. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in Dynagas LNG Partners by 158.8% in the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 23,500 shares during the period. FMR LLC lifted its position 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 buying an additional 265,337 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its stake in Dynagas LNG Partners by 17.5% in the 3rd 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 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.