Dynagas LNG Partners LP (NYSE:DLNG) Shares Shorted: Short Interest Down 42.4% in October

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 80,601 shares, a drop of 42.4% from the September 30th total of 139,983 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 71,101 shares, the short-interest ratio is presently 1.1 days.

Dynagas LNG Partners Trading Up 0.9%

DLNG traded up $0.03 during mid-day trading on Tuesday, hitting $3.20. The stock had a trading volume of 2,335 shares, compared to its average volume of 78,159. The stock’s fifty day simple moving average is $3.62 and its 200-day simple moving average is $3.80. The firm has a market capitalization of $116.51 million, a price-to-earnings ratio of 1.90 and a beta of 0.55. Dynagas LNG Partners has a 1-year low of $3.14 and a 1-year high of $4.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.86.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Tuesday, September 8th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11. The company had revenue of $41.19 million during the quarter, compared to analyst estimates 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Monday, August 24th. Dynagas LNG Partners’s dividend payout ratio is 11.90%.

Analyst Upgrades and Downgrades

DLNG has been the topic of several recent research reports. Wall Street Zen raised shares of Dynagas LNG Partners to a “buy” rating in a research note on Saturday, September 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynagas LNG Partners in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of hedge funds have recently modified their holdings of the business. Sei Investments Co. lifted its holdings in shares of Dynagas LNG Partners by 307.3% during the 1st quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock valued at $240,000 after purchasing an additional 42,306 shares in the last quarter. IMC Chicago LLC acquired a new stake in Dynagas LNG Partners during the 1st quarter worth approximately $51,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Dynagas LNG Partners during the 2nd quarter worth approximately $35,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP (NYSE: DLNG) is a maritime transportation company focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne LNG transportation services to energy companies, utilities and other commercial customers under primarily long-term charter arrangements.

The company’s fleet has included conventional and ice-class LNG carriers designed to transport LNG safely and efficiently between production regions, receiving terminals and other destinations.