Dynagas LNG Partners LP (NYSE:DLNG) Sees Large Growth in Short Interest

Dynagas LNG Partners LP (NYSE:DLNG) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 139,983 shares, a growth of 234.4% from the September 15th total of 41,864 shares. Based on an average daily trading volume, of 70,225 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Dynagas LNG Partners

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynagas LNG Partners in a research report on Tuesday, October 6th. Wall Street Zen raised Dynagas LNG Partners to a “buy” rating in a research report on Saturday, September 19th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Dynagas LNG Partners currently has a consensus rating of “Hold”.

Dynagas LNG Partners Trading Down 0.6%

DLNG stock traded down $0.02 during midday trading on Monday, reaching $3.58. 52,464 shares of the company’s stock traded hands, compared to its average volume of 69,713. 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 has a fifty-two week low of $3.27 and a fifty-two week high of $4.45. The business has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $3.78. The company has a market capitalization of $130.38 million, a P/E ratio of 2.13 and a beta of 0.55.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Monday, September 7th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, topping 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, August 24th. Dynagas LNG Partners’s payout ratio is currently 11.90%.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP (NYSE: DLNG) is a limited partnership focused on owning and operating liquefied natural gas (LNG) carriers and floating storage and regasification units. Its vessels are used to transport LNG and, in some cases, store and regasify the fuel for delivery into natural gas distribution systems.

The partnership’s fleet has included conventional LNG carriers as well as vessels designed for operation in challenging environments, including Arctic and ice-prone waters. Its vessels have generally operated under long-term charter agreements with international energy companies, supporting the movement of LNG between production regions, receiving terminals and end markets.

Dynagas LNG Partners was formed in 2013 by Dynagas Ltd.