Separately, Stifel Nicolaus reiterated a buy rating and set a $4.00 target price on shares of Dynagas LNG Partners in a research report on Friday, September 15th.
Dynagas LNG Partners Price Performance
Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last released its earnings results on Friday, September 15th. The shipping company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). Dynagas LNG Partners had a return on equity of 7.92% and a net margin of 30.77%. The business had revenue of $37.65 million for the quarter, compared to the consensus estimate of $33.68 million. During the same quarter last year, the business posted $0.17 earnings per share. On average, research analysts predict that Dynagas LNG Partners will post 0.7 EPS for the current fiscal year.
Institutional Investors Weigh In On Dynagas LNG Partners
A number of large investors have recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of Dynagas LNG Partners by 110.1% during the second quarter. UBS Group AG now owns 91,594 shares of the shipping company’s stock worth $303,000 after purchasing an additional 48,000 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Dynagas LNG Partners by 117.3% during the second quarter. BNP Paribas Arbitrage SA now owns 86,176 shares of the shipping company’s stock worth $285,000 after purchasing an additional 46,511 shares during the period. Jane Street Group LLC acquired a new stake in shares of Dynagas LNG Partners during the fourth quarter worth about $64,000. BNP Paribas Arbitrage SNC lifted its holdings in shares of Dynagas LNG Partners by 104.7% during the second 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 during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Dynagas LNG Partners during the second quarter worth about $35,000. Hedge funds and other institutional investors own 7.57% of the company’s stock.
About Dynagas LNG Partners
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.
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