Dynagas LNG Partners (NYSE:DLNG) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Dynagas LNG Partners LP (NYSE:DLNG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.86 and traded as low as $3.55. Dynagas LNG Partners shares last traded at $3.5850, with a volume of 45,359 shares.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLNG. Wall Street Zen raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings cut shares of Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Dynagas LNG Partners Trading Down 1.0%

The business has a fifty day moving average of $3.64 and a 200-day moving average of $3.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.63. The company has a market capitalization of $130.57 million, a P/E ratio of 2.36 and a beta of 0.53.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Friday, May 29th. The shipping company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Dynagas LNG Partners had a net margin of 41.60% and a return on equity of 13.59%. The business had revenue of $39.94 million during the quarter, compared to analyst estimates of $36.92 million.

Dynagas LNG Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, May 18th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 13.16%.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of institutional investors and hedge funds have recently made changes to their positions in DLNG. IMC Chicago LLC bought a new position in Dynagas LNG Partners in the 1st quarter valued at about $51,000. XTX Topco Ltd purchased a new stake in shares of Dynagas LNG Partners in the fourth quarter worth approximately $57,000. Diversified Enterprises LLC bought a new position in shares of Dynagas LNG Partners in the fourth quarter valued at approximately $81,000. Geneos Wealth Management Inc. boosted its position in shares of Dynagas LNG Partners by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after buying an additional 21,518 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Dynagas LNG Partners during the fourth quarter worth $100,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.