Dynagas LNG Partners (NYSE:DLNG) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Dynagas LNG Partners (NYSE:DLNG) posted its quarterly earnings results on Friday. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08, Zacks reports. Dynagas LNG Partners had a return on equity of 15.62% and a net margin of 37.92%.The firm had revenue of $37.84 million during the quarter, compared to analysts’ expectations of $35.68 million.

Dynagas LNG Partners Price Performance

DLNG traded down $0.17 during midday trading on Friday, reaching $4.00. 177,872 shares of the company’s stock were exchanged, compared to its average volume of 113,599. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $3.93 and a two-hundred day simple moving average of $3.76. The firm has a market capitalization of $147.16 million, a price-to-earnings ratio of 3.13 and a beta of 0.72. Dynagas LNG Partners has a one year low of $3.18 and a one year high of $4.45.

Dynagas LNG Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.05 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 5.0%. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 15.63%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Dynagas LNG Partners during the 4th quarter worth approximately $100,000. XTX Topco Ltd acquired a new position in Dynagas LNG Partners during the fourth quarter worth $57,000. Susquehanna International Group LLP raised its stake in Dynagas LNG Partners by 430.1% during the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock worth $513,000 after acquiring an additional 118,616 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Dynagas LNG Partners by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after acquiring an additional 21,518 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Dynagas LNG Partners by 548.8% during the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock valued at $692,000 after acquiring an additional 155,902 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DLNG. Weiss Ratings raised Dynagas LNG Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Wall Street Zen upgraded Dynagas LNG Partners to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

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.