StockNews.com Begins Coverage on Dynagas LNG Partners (NYSE:DLNG)
by Doug Wharley · The Cerbat GemStockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG – Free Report) in a research report released on Wednesday morning. The brokerage issued a strong-buy rating on the shipping company’s stock.
Dynagas LNG Partners Stock Performance
Shares of DLNG stock opened at $3.07 on Wednesday. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $3.19. The firm has a fifty day moving average price of $2.92 and a 200-day moving average price of $2.77. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.83 and a quick ratio of 2.46.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. UBS Group AG lifted its stake in shares of Dynagas LNG Partners by 6.0% during the 4th quarter. UBS Group AG now owns 79,694 shares of the shipping company’s stock valued at $209,000 after buying an additional 4,500 shares in the last quarter. Citigroup Inc. purchased a new stake in Dynagas LNG Partners in the 1st quarter worth $34,000. Cubist Systematic Strategies LLC purchased a new stake in Dynagas LNG Partners in the 2nd quarter worth $35,000. BNP Paribas Arbitrage SNC lifted its stake in Dynagas LNG Partners by 104.7% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock worth $63,000 after purchasing an additional 12,894 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in Dynagas LNG Partners in the 4th quarter worth $42,000.
Dynagas LNG Partners Company Profile
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.