Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Decreases By 21.9%

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 118,800 shares, a decrease of 21.9% from the June 30th total of 152,200 shares. Based on an average daily volume of 99,600 shares, the short-interest ratio is currently 1.2 days. Approximately 0.6% of the company’s stock are sold short.

A number of equities analysts have issued reports on the company. ValuEngine upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. B. Riley set a $2.00 target price on Dynagas LNG Partners and gave the stock a “hold” rating in a report on Thursday, June 6th. TheStreet cut Dynagas LNG Partners from a “c-” rating to a “d” rating in a report on Tuesday, June 11th. Zacks Investment Research cut Dynagas LNG Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Morgan Stanley set a $3.00 price objective on shares of Dynagas LNG Partners and gave the stock a “hold” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $4.71.

Shares of Dynagas LNG Partners stock traded down $0.01 during trading hours on Monday, reaching $1.23. 46,865 shares of the company’s stock were exchanged, compared to its average volume of 174,647. The business’s 50 day moving average is $1.42. Dynagas LNG Partners has a fifty-two week low of $1.17 and a fifty-two week high of $9.10. The firm has a market cap of $43.88 million, a PE ratio of 5.13 and a beta of 1.02.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Thursday, June 6th. The shipping company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). Dynagas LNG Partners had a return on equity of 3.96% and a net margin of 0.53%. The business had revenue of $31.40 million for the quarter, compared to analyst estimates of $31.48 million. Research analysts predict that Dynagas LNG Partners will post 0.06 EPS for the current year.

Several institutional investors have recently bought and sold shares of DLNG. Deutsche Bank AG boosted its stake in shares of Dynagas LNG Partners by 9,163.4% during the 4th quarter. Deutsche Bank AG now owns 192,400 shares of the shipping company’s stock worth $648,000 after buying an additional 190,323 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Dynagas LNG Partners during the 2nd quarter worth about $30,000. Finally, Virtu Financial LLC acquired a new position in shares of Dynagas LNG Partners during the 1st quarter worth about $39,000. Institutional investors own 7.94% of the company’s stock.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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