Equities researchers at StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG – Get Free Report) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the shipping company’s stock.
Dynagas LNG Partners Stock Down 0.7 %
Dynagas LNG Partners stock opened at $5.48 on Friday. The firm has a market cap of $201.67 million, a price-to-earnings ratio of 5.71 and a beta of 1.38. Dynagas LNG Partners has a 52-week low of $2.27 and a 52-week high of $5.65. 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 firm has a 50 day moving average price of $4.51 and a two-hundred day moving average price of $4.06.
Institutional Investors Weigh In On Dynagas LNG Partners
Several large investors have recently added to or reduced their stakes in DLNG. FMR LLC boosted its stake in Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after acquiring an additional 265,337 shares in the last quarter. Stifel Financial Corp increased its stake in Dynagas LNG Partners by 158.8% in the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 23,500 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of Dynagas LNG Partners by 17.5% during the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after purchasing an additional 2,650 shares during the period.
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.
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