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

Equities researchers at StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report released on Sunday. The brokerage set a “buy” rating on the shipping company’s stock.

Dynagas LNG Partners Stock Performance

NYSE DLNG opened at $5.55 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s 50 day simple moving average is $4.55 and its 200-day simple moving average is $4.08. The company has a market cap of $204.25 million, a PE ratio of 5.78 and a beta of 1.38. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $5.65.

Institutional Investors Weigh In On Dynagas LNG Partners

Hedge funds have recently modified their holdings of the business. Apollon Wealth Management LLC grew its position 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 valued at $67,000 after purchasing an additional 2,650 shares in the last quarter. 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 buying an additional 265,337 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Dynagas LNG Partners by 158.8% in the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after buying an additional 23,500 shares in the last quarter.

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.