Stifel Financial Corp Boosts Stock Position in Dynagas LNG Partners LP (NYSE:DLNG)

Stifel Financial Corp raised its stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 158.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,300 shares of the shipping company’s stock after buying an additional 23,500 shares during the quarter. Stifel Financial Corp owned about 0.10% of Dynagas LNG Partners worth $145,000 at the end of the most recent quarter.

Separately, Apollon Wealth Management LLC lifted its stake in shares of Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after buying an additional 2,650 shares in the last quarter.

Dynagas LNG Partners Stock Up 1.5 %

Dynagas LNG Partners stock opened at $5.38 on Tuesday. Dynagas LNG Partners LP has a 12 month low of $2.27 and a 12 month high of $5.65. The stock has a fifty day simple moving average of $4.36 and a two-hundred day simple moving average of $4.01. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The firm has a market cap of $197.99 million, a price-to-earnings ratio of 5.60 and a beta of 1.42.

Dynagas LNG Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 9th were issued a $0.049 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.20 annualized dividend and a yield of 3.64%. Dynagas LNG Partners’s payout ratio is 19.79%.

Analyst Upgrades and Downgrades

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

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.