Sei Investments Co. Buys New Position in Dynagas LNG Partners LP (NYSE:DLNG)

Sei Investments Co. purchased a new position in Dynagas LNG Partners LP (NYSE:DLNG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,765 shares of the shipping company’s stock, valued at approximately $75,000.

Separately, Stifel Financial Corp grew its stake in shares of Dynagas LNG Partners by 158.8% in the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after purchasing an additional 23,500 shares during the last quarter.

Dynagas LNG Partners Trading Down 0.0 %

NYSE:DLNG opened at $3.45 on Friday. The stock has a fifty day simple moving average of $3.94 and a 200 day simple moving average of $4.31. The firm has a market capitalization of $126.93 million, a price-to-earnings ratio of 3.59 and a beta of 1.14. Dynagas LNG Partners LP has a 1-year low of $2.91 and a 1-year high of $5.65. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Thursday, March 6th. The shipping company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The company had revenue of $41.66 million during the quarter, compared to analysts’ expectations of $38.34 million. Sell-side analysts forecast that Dynagas LNG Partners LP will post 1.08 earnings per share for the current year.

Dynagas LNG Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, February 24th were given a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a yield of 5.68%. The ex-dividend date was Monday, February 24th. Dynagas LNG Partners’s payout ratio is 18.27%.

Analyst Upgrades and Downgrades

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

Dynagas LNG Partners Company Profile

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.