Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Update

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 73,100 shares, a growth of 143.7% from the January 31st total of 30,000 shares. Based on an average daily volume of 93,300 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

Institutional Trading of Dynagas LNG Partners

Several institutional investors have recently made changes to their positions in DLNG. Apollon Wealth Management LLC raised its holdings in shares of Dynagas LNG Partners by 17.5% during the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after acquiring an additional 2,650 shares in the last quarter. Sei Investments Co. acquired a new position in Dynagas LNG Partners in the 4th quarter worth about $75,000. NewEdge Advisors LLC raised its stake in shares of Dynagas LNG Partners by 36.2% during the 4th quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock worth $100,000 after purchasing an additional 4,884 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after buying an additional 23,500 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after buying an additional 265,337 shares in the last quarter.

Dynagas LNG Partners Stock Up 0.5 %

NYSE:DLNG traded up $0.02 during trading hours on Friday, hitting $4.02. 90,799 shares of the company’s stock traded hands, compared to its average volume of 109,179. The stock’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $4.30. The firm has a market cap of $147.94 million, a P/E ratio of 4.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $5.65.

Dynagas LNG Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, February 24th were given a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Monday, February 24th. Dynagas LNG Partners’s dividend payout ratio (DPR) is 19.79%.

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.