Dynagas LNG Partners (NYSE:DLNG) Lowered to “Buy” Rating by StockNews.com

Dynagas LNG Partners (NYSE:DLNG) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

Dynagas LNG Partners Trading Down 1.4%

DLNG opened at $3.62 on Tuesday. The stock’s fifty day moving average is $3.63 and its two-hundred day moving average is $4.26. The company has a market capitalization of $133.15 million, a P/E ratio of 3.77 and a beta of 0.77. Dynagas LNG Partners has a 52 week low of $3.18 and a 52 week 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 released its quarterly earnings data on Thursday, March 6th. The shipping company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $41.66 million for the quarter, compared to the consensus estimate of $38.34 million. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. Analysts forecast that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DLNG. Sei Investments Co. purchased a new position in shares of Dynagas LNG Partners in the 4th quarter valued at $75,000. Exchange Traded Concepts LLC increased its holdings in shares of Dynagas LNG Partners by 377.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 13,837 shares of the shipping company’s stock valued at $52,000 after acquiring an additional 10,938 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Dynagas LNG Partners by 36.2% in the 4th quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock valued at $100,000 after acquiring an additional 4,884 shares during the period.

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.