Dynagas LNG Partners (NYSE:DLNG) Issues Quarterly Earnings Results

Dynagas LNG Partners (NYSE:DLNG) issued its quarterly earnings results on Thursday. The shipping company reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. Dynagas LNG Partners had a return on equity of 16.11% and a net margin of 35.60%.

Dynagas LNG Partners Trading Up 6.7%

Shares of NYSE DLNG traded up $0.24 during mid-day trading on Thursday, hitting $3.77. The stock had a trading volume of 72,195 shares, compared to its average volume of 54,342. The business has a 50 day moving average price of $3.60 and a two-hundred day moving average price of $3.62. Dynagas LNG Partners has a 1 year low of $3.18 and a 1 year high of $5.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market cap of $138.49 million, a P/E ratio of 3.36 and a beta of 0.77.

Dynagas LNG Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were issued a $0.05 dividend. This is a positive change from Dynagas LNG Partners’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Monday, November 10th. Dynagas LNG Partners’s dividend payout ratio (DPR) is 17.86%.

Hedge Funds Weigh In On Dynagas LNG Partners

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in shares of 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 worth $151,000 after purchasing an additional 21,518 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in 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 worth $513,000 after buying an additional 118,616 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of 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 buying an additional 155,902 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dynagas LNG Partners in a research note on Thursday, October 30th. 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, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.