Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Up 117.4% in December

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 67,600 shares, an increase of 117.4% from the December 15th total of 31,100 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 58,900 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Dynagas LNG Partners in a report on Sunday, January 5th. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of Dynagas LNG Partners by 158.8% in the third 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 period. FMR LLC grew its position 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 in the last quarter. Finally, Apollon Wealth Management LLC increased its stake in Dynagas LNG Partners by 17.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after acquiring an additional 2,650 shares during the last quarter.

Dynagas LNG Partners Price Performance

Shares of DLNG traded down $0.17 during midday trading on Thursday, hitting $5.03. 188,025 shares of the company traded hands, compared to its average volume of 151,882. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $5.65. The firm has a market cap of $185.11 million, a P/E ratio of 5.24 and a beta of 1.38. 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 has a 50-day moving average of $4.77 and a 200-day moving average of $4.15.

Dynagas LNG Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 9th were issued a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 19.79%.

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.