Dynagas LNG Partners (NYSE:DLNG) Issues Earnings Results

Dynagas LNG Partners (NYSE:DLNG) released its quarterly earnings data on Tuesday. The shipping company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11, FiscalAI reports. Dynagas LNG Partners had a return on equity of 13.59% and a net margin of 41.60%.The company had revenue of $41.19 million for the quarter, compared to the consensus estimate of $36.31 million.

Dynagas LNG Partners Stock Up 3.6%

Shares of DLNG opened at $3.79 on Tuesday. The company has a market capitalization of $138.10 million, a P/E ratio of 2.50 and a beta of 0.54. Dynagas LNG Partners has a one year low of $3.27 and a one year high of $4.45. The business’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $3.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.61.

Dynagas LNG Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, August 24th. Dynagas LNG Partners’s payout ratio is presently 13.16%.

Hedge Funds Weigh In On Dynagas LNG Partners

Several institutional investors have recently bought and sold shares of DLNG. XTX Topco Ltd bought a new stake in shares of Dynagas LNG Partners during the fourth quarter worth $57,000. Virtu Financial LLC acquired a new position in shares of Dynagas LNG Partners during the fourth quarter worth approximately $100,000. Geneos Wealth Management Inc. grew 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 purchasing an additional 21,518 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Dynagas LNG Partners by 430.1% during the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock valued at $513,000 after purchasing an additional 118,616 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Dynagas LNG Partners by 548.8% during the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock valued at $692,000 after purchasing an additional 155,902 shares during the last quarter.

Wall Street Analyst Weigh In

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

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.