Dynagas LNG Partners (NYSE:DLNG) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note issued on Friday. The brokerage set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

NYSE DLNG opened at $4.49 on Friday. The company has a 50 day simple moving average of $4.20 and a 200-day simple moving average of $3.96. Dynagas LNG Partners has a 52-week low of $2.27 and a 52-week high of $4.85. The firm has a market capitalization of $165.24 million, a price-to-earnings ratio of 4.68 and a beta of 1.42. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68.

Institutional Investors Weigh In On Dynagas LNG Partners

Large investors have recently made changes to their positions in the company. Apollon Wealth Management LLC raised its position in 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 acquiring an additional 2,650 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after purchasing an additional 23,500 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Dynagas LNG Partners by 26.1% during the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after purchasing an additional 265,337 shares during the last quarter.

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.