B. Riley began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note issued to investors on Friday, Marketbeat reports. The brokerage issued a buy rating and a $10.50 price target on the shipping company’s stock.

A number of other brokerages have also recently weighed in on DLNG. ValuEngine raised Dynagas LNG Partners from a strong sell rating to a sell rating in a research note on Friday, August 3rd. Berenberg Bank assumed coverage on Dynagas LNG Partners in a research note on Thursday, September 6th. They issued a hold rating and a $9.00 price objective for the company. Finally, Zacks Investment Research raised Dynagas LNG Partners from a hold rating to a buy rating and set a $9.75 price objective for the company in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $10.59.

Shares of NYSE DLNG traded down $0.10 during trading on Friday, reaching $8.12. The stock had a trading volume of 109,816 shares, compared to its average volume of 125,855. Dynagas LNG Partners has a fifty-two week low of $7.51 and a fifty-two week high of $13.97. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $294.15 million, a PE ratio of 10.97, a PEG ratio of 20.19 and a beta of 1.16.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.32%. Dynagas LNG Partners’s payout ratio is presently 135.14%.

An institutional investor recently raised its position in Dynagas LNG Partners stock. Guggenheim Capital LLC grew its position in Dynagas LNG Partners LP (NYSE:DLNG) by 26.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,372 shares of the shipping company’s stock after buying an additional 45,866 shares during the quarter. Guggenheim Capital LLC owned 0.62% of Dynagas LNG Partners worth $2,214,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 11.27% of the company’s stock.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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