Dynagas LNG Partners (NYSE:DLNG) Shares Cross Below 50 Day Moving Average – Here’s Why

Dynagas LNG Partners LP (NYSE:DLNG)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.01 and traded as low as $3.82. Dynagas LNG Partners shares last traded at $3.8550, with a volume of 22,047 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised Dynagas LNG Partners to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings cut Dynagas LNG Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Dynagas LNG Partners presently has a consensus rating of “Hold”.

Dynagas LNG Partners Price Performance

The stock has a market cap of $140.40 million, a P/E ratio of 2.81 and a beta of 0.55. The company has a fifty day moving average of $4.01 and a 200 day moving average of $3.90.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Friday, March 13th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. Dynagas LNG Partners had a return on equity of 14.96% and a net margin of 39.36%.The firm had revenue of $40.01 million for the quarter, compared to analysts’ expectations of $35.68 million.

Dynagas LNG Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were given a $0.05 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.20 annualized dividend and a yield of 5.2%. Dynagas LNG Partners’s payout ratio is 14.60%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLNG. Acadian Asset Management LLC grew its position in Dynagas LNG Partners by 548.8% in the first 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. Geneos Wealth Management Inc. grew its position in 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 buying an additional 21,518 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Dynagas LNG Partners in the third quarter worth approximately $36,000. Susquehanna International Group LLP grew its position in Dynagas LNG Partners by 430.1% in the third 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 last quarter. Finally, Diversified Enterprises LLC acquired a new position in Dynagas LNG Partners in the fourth quarter worth approximately $81,000.

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.