Dynagas LNG Partners (NYSE:DLNG) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Dynagas LNG Partners LP (NYSE:DLNG)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.72 and traded as high as $3.84. Dynagas LNG Partners shares last traded at $3.8050, with a volume of 34,908 shares changing hands.

Wall Street Analysts Forecast Growth

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

Dynagas LNG Partners Trading Down 1.5%

The firm’s 50-day simple moving average is $3.72 and its 200 day simple moving average is $3.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.86. The firm has a market capitalization of $135.29 million, a price-to-earnings ratio of 2.21 and a beta of 0.54.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Monday, September 7th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11. The firm had revenue of $41.19 million during the quarter, compared to analysts’ expectations of $36.31 million. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%.

Dynagas LNG Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 24th. This represents a $0.20 annualized dividend and a yield of 5.4%. Dynagas LNG Partners’s dividend payout ratio is presently 11.90%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Coppell Advisory Solutions LLC bought a new stake in Dynagas LNG Partners during the 2nd quarter worth approximately $35,000. IMC Chicago LLC purchased a new stake in Dynagas LNG Partners during the first quarter valued at about $51,000. Finally, Sei Investments Co. grew its holdings in Dynagas LNG Partners by 307.3% in the 1st 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.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a maritime transportation company focused on owning and operating liquefied natural gas (LNG) carriers. The company’s vessels transport LNG for energy producers, utilities and other customers under primarily long-term charter arrangements, providing seaborne transportation between LNG production and consumption markets.

The partnership has been associated with a fleet of modern LNG carriers, including ice-class vessels designed to operate in challenging Arctic and sub-Arctic conditions.