Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Declines By 14.0%

Dynagas LNG Partners LP (NYSE:DLNG) was the target of a large drop in short interest in June. As of June 30th, there was short interest totalling 209,100 shares, a drop of 14.0% from the May 30th total of 243,100 shares. Based on an average trading volume of 110,200 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.1% of the company’s stock are short sold.

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Dynagas LNG Partners in the 1st quarter worth $39,000. GSA Capital Partners LLP purchased a new position in Dynagas LNG Partners in the 4th quarter worth $234,000. Finally, Deutsche Bank AG raised its stake in Dynagas LNG Partners by 9,163.4% in the 4th quarter. Deutsche Bank AG now owns 192,400 shares of the shipping company’s stock worth $648,000 after acquiring an additional 190,323 shares during the last quarter. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Shares of DLNG traded up $0.05 during midday trading on Friday, hitting $1.54. 21,400 shares of the company’s stock traded hands, compared to its average volume of 194,459. Dynagas LNG Partners has a 1 year low of $1.37 and a 1 year high of $9.20. The company’s fifty day moving average is $1.57. The firm has a market cap of $54.30 million, a PE ratio of 6.42 and a beta of 1.02.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Thursday, June 6th. The shipping company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Dynagas LNG Partners had a net margin of 0.53% and a return on equity of 3.96%. The business had revenue of $31.40 million for the quarter, compared to analysts’ expectations of $31.48 million. As a group, sell-side analysts predict that Dynagas LNG Partners will post 0.06 earnings per share for the current fiscal year.

Several brokerages have issued reports on DLNG. TheStreet cut Twin Disc from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the company a “hold” rating in a research report on Wednesday, April 17th. B. Riley set a $2.00 target price on Dynagas LNG Partners and gave the company a “hold” rating in a research report on Thursday, June 6th. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Finally, Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $4.71.

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. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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