Dynagas LNG Partners (NYSE:DLNG) Share Price Crosses Above Fifty Day Moving Average of $2.93

Shares of Dynagas LNG Partners LP (NYSE:DLNG) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.93 and traded as high as $3.18. Dynagas LNG Partners shares last traded at $3.13, with a volume of 48,536 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Dynagas LNG Partners in a research report on Thursday. They issued a “strong-buy” rating for the company.

Dynagas LNG Partners Stock Performance

The business has a fifty day simple moving average of $2.93 and a two-hundred day simple moving average of $2.78. The company has a quick ratio of 2.46, a current ratio of 2.83 and a debt-to-equity ratio of 1.30.

Institutional Trading of Dynagas LNG Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. purchased a new stake in Dynagas LNG Partners in the 1st quarter valued at about $34,000. Cubist Systematic Strategies LLC acquired a new position in Dynagas LNG Partners in the 2nd quarter valued at about $35,000. Apollon Wealth Management LLC acquired a new position in Dynagas LNG Partners in the 4th quarter valued at about $42,000. BNP Paribas Arbitrage SNC grew its position in Dynagas LNG Partners by 104.7% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 12,894 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Dynagas LNG Partners in the 4th quarter valued at about $64,000.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.