Dynagas LNG Partners LP (NYSE:DLNG) Sees Significant Growth in Short Interest

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 67,600 shares, a growth of 117.4% from the December 15th total of 31,100 shares. Based on an average daily trading volume, of 58,900 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the stock are short sold.

Dynagas LNG Partners Price Performance

NYSE DLNG traded down $0.17 during trading hours on Thursday, reaching $5.03. 188,025 shares of the stock traded hands, compared to its average volume of 151,882. The stock has a 50 day simple moving average of $4.77 and a two-hundred day simple moving average of $4.15. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year 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. The company has a market cap of $185.11 million, a price-to-earnings ratio of 5.24 and a beta of 1.38.

Dynagas LNG Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 9th were given a $0.049 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.90%. Dynagas LNG Partners’s payout ratio is 19.79%.

Institutional Trading of Dynagas LNG Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Apollon Wealth Management LLC raised its stake in shares of Dynagas LNG Partners by 17.5% during the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after acquiring an additional 2,650 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Dynagas LNG Partners by 158.8% during the 3rd 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 last quarter. Finally, FMR LLC raised its position in Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after purchasing an additional 265,337 shares during the period.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Dynagas LNG Partners in a research report on Sunday, January 5th. They set a “buy” rating on the stock.

Dynagas LNG Partners Company Profile

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.