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

StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report report published on Thursday morning. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Stock Up 0.5 %

Shares of NYSE DLNG opened at $3.15 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.46 and a current ratio of 2.83. The stock’s 50-day simple moving average is $2.93 and its two-hundred day simple moving average is $2.78. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $3.20.

Hedge Funds Weigh In On Dynagas LNG Partners

Several institutional investors have recently modified their holdings of DLNG. UBS Group AG increased its position in shares of Dynagas LNG Partners by 110.1% during the 2nd quarter. UBS Group AG now owns 91,594 shares of the shipping company’s stock valued at $303,000 after purchasing an additional 48,000 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Dynagas LNG Partners by 117.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 86,176 shares of the shipping company’s stock valued at $285,000 after purchasing an additional 46,511 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Dynagas LNG Partners during the 4th quarter valued at about $64,000. Apollon Wealth Management LLC bought a new position in Dynagas LNG Partners during the 4th quarter worth approximately $42,000. Finally, BNP Paribas Arbitrage SNC grew its position in Dynagas LNG Partners by 104.7% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock worth $63,000 after acquiring an additional 12,894 shares during the last quarter.

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.