Dynagas LNG Partners (NYSE:DLNG) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Dynagas LNG Partners LP (NYSE:DLNG)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.86 and traded as low as $3.55. Dynagas LNG Partners shares last traded at $3.5850, with a volume of 45,359 shares.

Wall Street Analyst Weigh In

DLNG has been the topic of a number of research reports. Wall Street Zen raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings downgraded Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Dynagas LNG Partners Stock Performance

The stock’s 50-day simple moving average is $3.64 and its 200-day simple moving average is $3.86. The stock has a market cap of $132.68 million, a price-to-earnings ratio of 2.40 and a beta of 0.53. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Friday, May 29th. The shipping company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $39.94 million during the quarter, compared to the consensus estimate of $36.92 million. Dynagas LNG Partners had a net margin of 41.60% and a return on equity of 13.59%.

Dynagas LNG Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, May 18th. Dynagas LNG Partners’s dividend payout ratio is 13.16%.

Hedge Funds Weigh In On Dynagas LNG Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised 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 worth $240,000 after buying an additional 42,306 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of Dynagas LNG Partners in the first quarter valued at about $51,000. Virtu Financial LLC acquired a new stake in shares of Dynagas LNG Partners in the fourth quarter valued at about $100,000. XTX Topco Ltd bought a new position in shares of Dynagas LNG Partners during the fourth quarter worth about $57,000. Finally, Diversified Enterprises LLC bought a new position in shares of Dynagas LNG Partners during the fourth quarter worth about $81,000.

About Dynagas LNG Partners

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.