Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Grows By 51.5%

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 24,700 shares, an increase of 51.5% from the October 31st total of 16,300 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 33,000 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Dynagas LNG Partners in a research report on Tuesday. They set a “strong-buy” rating on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after purchasing an additional 265,337 shares during the last quarter. Stifel Financial Corp boosted its position in Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 23,500 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of Dynagas LNG Partners by 17.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after buying an additional 2,650 shares in the last quarter.

Dynagas LNG Partners Stock Performance

Shares of DLNG traded up $0.08 during mid-day trading on Friday, hitting $4.68. The stock had a trading volume of 24,276 shares, compared to its average volume of 40,341. The company has a quick ratio of 0.69, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The company has a market cap of $172.04 million, a PE ratio of 4.78 and a beta of 1.37. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $4.85. The company’s fifty day simple moving average is $3.99 and its two-hundred day simple moving average is $3.90.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The business had revenue of $37.62 million for the quarter, compared to the consensus estimate of $37.92 million. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, equities analysts expect that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 9th will be given a $0.049 dividend. This represents a $0.20 annualized dividend and a yield of 4.19%. The ex-dividend date is Monday, December 9th.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.