Dynagas LNG Partners LP (NYSE:DLNG) Stock Short Interest Report for September

Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report) was the target of a significant growth in short interest during 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 volume of 70,225 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC bought a new position in shares of Dynagas LNG Partners in the 2nd quarter worth $35,000. IMC Chicago LLC acquired a new stake in shares of Dynagas LNG Partners during the first quarter worth $51,000. Finally, Sei Investments Co. grew its stake in shares of Dynagas LNG Partners by 307.3% during the first quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock worth $240,000 after purchasing an additional 42,306 shares during the period.

Dynagas LNG Partners Trading Up 0.3%

Shares of NYSE DLNG traded up $0.01 during mid-day trading on Tuesday, hitting $3.58. The company’s stock had a trading volume of 30,576 shares, compared to its average volume of 78,677. The stock has a market cap of $130.38 million, a price-to-earnings ratio of 2.13 and a beta of 0.55. 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 one year low of $3.27 and a one year high of $4.45. The company’s fifty day simple moving average is $3.75 and its 200-day simple moving average is $3.78.

Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last posted its quarterly earnings results on Monday, September 7th. The shipping company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%. The business had revenue of $41.19 million during the quarter, compared to the consensus estimate of $36.31 million.

Dynagas LNG Partners Announces Dividend

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

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on DLNG

About Dynagas LNG Partners

(Get Free Report)

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.

See Also

Receive News & Ratings for Dynagas LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynagas LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.