Dynagas LNG Partners (NYSE:DLNG) Shares Cross Above 50-Day Moving Average – What’s Next?

Dynagas LNG Partners LP (NYSE:DLNG)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.63 and traded as high as $3.92. Dynagas LNG Partners shares last traded at $3.87, with a volume of 59,454 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings cut shares of Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Wall Street Zen raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Dynagas LNG Partners Trading Up 0.8%

The company’s fifty day moving average price is $3.63 and its two-hundred day moving average price is $3.85. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64. The firm has a market cap of $140.95 million, a P/E ratio of 2.55 and a beta of 0.53.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Friday, May 29th. The shipping company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Dynagas LNG Partners had a return on equity of 13.59% and a net margin of 41.60%.The business had revenue of $39.94 million for the quarter, compared to the consensus estimate of $36.92 million.

Dynagas LNG Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a yield of 5.2%. Dynagas LNG Partners’s dividend payout ratio is currently 13.16%.

Hedge Funds Weigh In On Dynagas LNG Partners

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its position in Dynagas LNG Partners by 548.8% in the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock worth $692,000 after purchasing an additional 155,902 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of Dynagas LNG Partners by 430.1% in the 3rd 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 period. Sei Investments Co. raised its position in shares of Dynagas LNG Partners by 307.3% during the first quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock worth $240,000 after acquiring an additional 42,306 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Dynagas LNG Partners during the fourth quarter worth $100,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Dynagas LNG Partners by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after acquiring an additional 21,518 shares during the period.

Dynagas LNG Partners Company Profile

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.