Dynagas LNG Partners (NYSE:DLNG) Stock Passes Above 50 Day Moving Average – Time to Sell?

Shares of Dynagas LNG Partners LP (NYSE:DLNG) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.62 and traded as high as $3.85. Dynagas LNG Partners shares last traded at $3.85, with a volume of 54,754 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DLNG shares. Weiss Ratings cut Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Wall Street Zen raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dynagas LNG Partners has an average rating of “Hold”.

Dynagas LNG Partners Stock Up 0.3%

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 stock’s fifty day simple moving average is $3.62 and its two-hundred day simple moving average is $3.86. The stock has a market capitalization of $137.67 million, a P/E ratio of 2.49 and a beta of 0.53.

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

Institutional Investors Weigh In On Dynagas LNG Partners

Several institutional investors and hedge funds have recently made changes to their positions in DLNG. Acadian Asset Management LLC boosted its stake in shares of Dynagas LNG Partners by 548.8% in the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock valued at $692,000 after purchasing an additional 155,902 shares during the last quarter. Susquehanna International Group LLP raised its stake in Dynagas LNG Partners by 430.1% during the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock worth $513,000 after buying an additional 118,616 shares during the last quarter. Sei Investments Co. lifted its holdings in Dynagas LNG Partners by 307.3% in the first quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock valued at $240,000 after buying an additional 42,306 shares during the period. Virtu Financial LLC acquired a new position in Dynagas LNG Partners in the fourth quarter valued at $100,000. Finally, Geneos Wealth Management Inc. boosted its position in 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 acquiring an additional 21,518 shares during the last quarter.

Dynagas LNG Partners Company Profile

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.