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

Dynagas LNG Partners LP (NYSE:DLNG) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 80,601 shares, a decrease of 42.4% from the September 30th total of 139,983 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 71,101 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Dynagas LNG Partners in a report on Tuesday, October 6th. Wall Street Zen raised shares of Dynagas LNG Partners to a “buy” rating in a report on Saturday, September 19th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Dynagas LNG Partners currently has a consensus rating of “Hold”.

Dynagas LNG Partners Price Performance

Shares of NYSE:DLNG traded down $0.07 on Monday, hitting $3.19. The company’s stock had a trading volume of 160,769 shares, compared to its average volume of 78,519. The company has a market capitalization of $115.99 million, a PE ratio of 1.90 and a beta of 0.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.86. The company has a 50-day simple moving average of $3.63 and a 200 day simple moving average of $3.80. Dynagas LNG Partners has a 1 year low of $3.14 and a 1 year high of $4.45.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Tuesday, September 8th. The shipping company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.28 by $0.11. The company had revenue of $41.19 million during the quarter, compared to analyst estimates of $36.31 million. Dynagas LNG Partners had a return on equity of 13.05% and a net margin of 42.33%.

Dynagas LNG Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, August 24th. Dynagas LNG Partners’s payout ratio is currently 11.90%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of institutional investors have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC purchased a new position in Dynagas LNG Partners in the second quarter worth $35,000. Sei Investments Co. increased its stake 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 acquiring an additional 42,306 shares during the last quarter. Finally, IMC Chicago LLC purchased a new stake in Dynagas LNG Partners during the first quarter valued at about $51,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP (NYSE: DLNG) is a maritime transportation company focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne LNG transportation services to energy companies, utilities and other commercial customers under primarily long-term charter arrangements.

The company’s fleet has included conventional and ice-class LNG carriers designed to transport LNG safely and efficiently between production regions, receiving terminals and other destinations.