Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.91 and traded as low as $3.72. Dynagas LNG Partners shares last traded at $3.72, with a volume of 28,378 shares traded.
Wall Street Analysts Forecast Growth
DLNG has been the subject of a number of recent research reports. Wall Street Zen raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings raised Dynagas LNG Partners from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on DLNG
Dynagas LNG Partners Stock Down 0.8%
Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last posted its quarterly earnings results on Friday, May 29th. The shipping company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $39.94 million during the quarter, compared to analysts’ expectations of $36.92 million. Dynagas LNG Partners had a return on equity of 13.59% and a net margin of 41.60%.
Dynagas LNG Partners Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, May 18th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 13.16%.
Institutional Trading of Dynagas LNG Partners
Several hedge funds have recently modified their holdings of the business. IMC Chicago LLC acquired a new stake in shares of Dynagas LNG Partners in the 1st quarter valued at approximately $51,000. XTX Topco Ltd acquired a new stake in shares of Dynagas LNG Partners in the 4th quarter valued at approximately $57,000. Diversified Enterprises LLC acquired a new stake in shares of Dynagas LNG Partners in the 4th quarter valued at approximately $81,000. Geneos Wealth Management Inc. lifted its holdings in shares of Dynagas LNG Partners by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after buying an additional 21,518 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Dynagas LNG Partners in the 4th quarter valued at approximately $100,000.
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.
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