Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Down 28.6% in August

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 47,500 shares, a drop of 28.6% from the August 15th total of 66,500 shares. Based on an average daily trading volume, of 72,700 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Several large investors have recently made changes to their positions in DLNG. UBS Group AG raised its holdings in shares of Dynagas LNG Partners by 89.0% during the 1st quarter. UBS Group AG now owns 30,694 shares of the shipping company’s stock valued at $88,000 after buying an additional 14,454 shares during the period. Gagnon Securities LLC purchased a new stake in shares of Dynagas LNG Partners during the 1st quarter valued at about $146,000. Morgan Stanley raised its holdings in shares of Dynagas LNG Partners by 98.8% during the 1st quarter. Morgan Stanley now owns 286,096 shares of the shipping company’s stock valued at $817,000 after buying an additional 142,157 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Dynagas LNG Partners by 0.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,193,933 shares of the shipping company’s stock valued at $3,976,000 after buying an additional 4,811 shares during the period. Institutional investors and hedge funds own 7.77% of the company’s stock.

Shares of NYSE DLNG traded down $0.04 during midday trading on Monday, hitting $3.01. The stock had a trading volume of 44,984 shares, compared to its average volume of 87,735. The company has a market capitalization of $107.20 million, a price-to-earnings ratio of 3.17 and a beta of 1.92. Dynagas LNG Partners has a 1-year low of $1.99 and a 1-year high of $3.72. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 2.52. The company has a fifty day moving average price of $3.06 and a 200 day moving average price of $2.97.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Monday, September 6th. The shipping company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Dynagas LNG Partners had a net margin of 33.52% and a return on equity of 17.92%. On average, research analysts forecast that Dynagas LNG Partners will post 0.83 EPS for the current year.

A number of analysts have issued reports on the company. Zacks Investment Research lowered Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 10th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $3.50 price objective on shares of Dynagas LNG Partners in a research note on Tuesday, July 13th. Finally, Stifel Nicolaus raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, June 18th.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP engages in the provision of seaborne transportation services. It owns and operates liquefied natural gas carriers which are employed to energy companies under multi-year charters. The company was founded on May 30, 2013 and is headquartered in Monaco.

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