Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Down 16.5% in April

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 65,343 shares, a drop of 16.5% from the March 31st total of 78,251 shares. Based on an average trading volume of 74,835 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DLNG shares. Weiss Ratings lowered shares of Dynagas LNG Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 13th. Wall Street Zen upgraded shares of Dynagas LNG Partners to a “hold” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Dynagas LNG Partners Stock Up 0.5%

Shares of DLNG opened at $3.91 on Friday. The firm has a market cap of $142.40 million, a PE ratio of 2.85 and a beta of 0.55. The company’s fifty day moving average is $4.07 and its two-hundred day moving average is $3.86. Dynagas LNG Partners has a fifty-two week low of $3.31 and a fifty-two week high of $4.45.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Friday, March 13th. The shipping company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $37.84 million for the quarter, compared to analyst estimates of $35.68 million. Dynagas LNG Partners had a net margin of 39.36% and a return on equity of 14.96%.

Dynagas LNG Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, February 23rd. Dynagas LNG Partners’s dividend payout ratio (DPR) is 14.60%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of hedge funds have recently made changes to their positions in the stock. Baader Bank Aktiengesellschaft acquired a new position in shares of Dynagas LNG Partners in the 3rd quarter valued at $36,000. XTX Topco Ltd acquired a new position in shares of Dynagas LNG Partners in the 4th quarter valued at $57,000. Diversified Enterprises LLC acquired a new position in shares of Dynagas LNG Partners in the 4th quarter valued at $81,000. Geneos Wealth Management Inc. boosted its holdings in shares of Dynagas LNG Partners by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after purchasing an additional 21,518 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Dynagas LNG Partners in the 4th quarter valued at $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.