Dynagas LNG Partners (NYSE:DLNG) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report issued on Thursday. The brokerage set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Stock Up 4.4 %

DLNG stock opened at $3.30 on Thursday. The business’s 50-day moving average price is $2.93 and its 200-day moving average price is $2.79. The stock has a market cap of $121.57 million, a P/E ratio of 5.00 and a beta of 1.56. The company has a quick ratio of 2.46, a current ratio of 2.83 and a debt-to-equity ratio of 1.30. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $3.33.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of hedge funds have recently modified their holdings of DLNG. Apollon Wealth Management LLC purchased a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $42,000. BNP Paribas Arbitrage SNC lifted its position in shares of Dynagas LNG Partners by 104.7% in the second quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 12,894 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Dynagas LNG Partners in the fourth quarter worth about $64,000. UBS Group AG grew its position in shares of Dynagas LNG Partners by 6.0% during the fourth quarter. UBS Group AG now owns 79,694 shares of the shipping company’s stock worth $209,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Dynagas LNG Partners during the 2nd quarter valued at approximately $35,000.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.