Fmr LLC Purchases 265,337 Shares of Dynagas LNG Partners LP (NYSE:DLNG)

Fmr LLC raised its position in Dynagas LNG Partners LP (NYSE:DLNG) by 26.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,280,800 shares of the shipping company’s stock after acquiring an additional 265,337 shares during the period. Fmr LLC owned approximately 3.48% of Dynagas LNG Partners worth $4,854,000 as of its most recent filing with the SEC.

Separately, Apollon Wealth Management LLC lifted its position in Dynagas LNG Partners by 17.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after acquiring an additional 2,650 shares in the last quarter.

Dynagas LNG Partners Trading Up 4.4 %

Shares of DLNG opened at $4.72 on Friday. The firm has a market cap of $173.71 million, a P/E ratio of 4.92 and a beta of 1.42. Dynagas LNG Partners LP has a fifty-two week low of $2.27 and a fifty-two week high of $4.85. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The business has a 50-day moving average of $4.14 and a 200 day moving average of $3.94.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The firm had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. During the same period in the prior year, the firm posted $0.08 EPS. As a group, research analysts forecast that Dynagas LNG Partners LP will post 1.08 EPS for the current year.

Dynagas LNG Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were issued a dividend of $0.049 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.20 annualized dividend and a dividend yield of 4.15%. Dynagas LNG Partners’s payout ratio is 19.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Dynagas LNG Partners in a report on Thursday. They set a “strong-buy” rating on the stock.

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.