Dynagas LNG Partners (NYSE:DLNG) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Dynagas LNG Partners LP (NYSE:DLNG) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.91 and traded as high as $4.28. Dynagas LNG Partners shares last traded at $4.1840, with a volume of 165,088 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Dynagas LNG Partners to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings upgraded Dynagas LNG Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Dynagas LNG Partners Stock Performance

The business’s fifty day simple moving average is $3.91 and its 200-day simple moving average is $3.76. The firm has a market cap of $153.89 million, a P/E ratio of 3.27 and a beta of 0.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.74.

Dynagas LNG Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, February 23rd. Dynagas LNG Partners’s payout ratio is currently 15.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DLNG. Acadian Asset Management LLC lifted its holdings in Dynagas LNG Partners by 548.8% in the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock worth $692,000 after buying an additional 155,902 shares during the period. Susquehanna International Group LLP raised its holdings in shares of Dynagas LNG Partners by 430.1% during the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock valued at $513,000 after acquiring an additional 118,616 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Dynagas LNG Partners during the fourth quarter valued at approximately $100,000. Geneos Wealth Management Inc. lifted its stake in Dynagas LNG Partners by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock worth $151,000 after acquiring an additional 21,518 shares during the period. Finally, Diversified Enterprises LLC purchased a new stake in Dynagas LNG Partners in the fourth quarter worth $81,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.