Dynagas LNG Partners (NYSE:DLNG) Posts Earnings Results, Meets Estimates

Dynagas LNG Partners (NYSE:DLNG) announced its quarterly earnings results on Friday. The shipping company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29, Zacks reports. Dynagas LNG Partners had a return on equity of 14.96% and a net margin of 39.36%.The business had revenue of $39.94 million for the quarter, compared to the consensus estimate of $36.92 million.

Dynagas LNG Partners Stock Performance

Dynagas LNG Partners stock opened at $3.78 on Friday. The stock has a 50-day moving average of $4.00 and a two-hundred day moving average of $3.90. Dynagas LNG Partners has a one year low of $3.40 and a one year high of $4.45. The stock has a market cap of $137.67 million, a PE ratio of 2.49 and a beta of 0.55.

Dynagas LNG Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a $0.05 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.20 dividend on an annualized basis and a yield of 5.3%. Dynagas LNG Partners’s dividend payout ratio (DPR) is 14.60%.

Institutional Investors Weigh In On Dynagas LNG Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in Dynagas LNG Partners in the fourth quarter valued at about $57,000. Virtu Financial LLC purchased a new stake in Dynagas LNG Partners in the fourth quarter valued at about $100,000. Geneos Wealth Management Inc. raised its stake in Dynagas LNG Partners by 100.0% in 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. Susquehanna International Group LLP raised its stake in Dynagas LNG Partners by 430.1% in the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock valued at $513,000 after buying an additional 118,616 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Dynagas LNG Partners by 548.8% in the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock valued at $692,000 after buying an additional 155,902 shares during the last quarter.

Wall Street Analyst Weigh In

DLNG has been the topic of a number of analyst reports. Weiss Ratings downgraded Dynagas LNG Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, April 13th. Wall Street Zen upgraded Dynagas LNG Partners to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

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.