Dynagas LNG Partners (NYSE:DLNG) Stock Crosses Above 50 Day Moving Average of $2.93

Posted by Xavier Holt on Apr 19th, 2024

Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.93 and traded as high as $3.18. Dynagas LNG Partners shares last traded at $3.13, with a volume of 48,536 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Dynagas LNG Partners in a report on Thursday. They set a “strong-buy” rating on the stock.

View Our Latest Report on DLNG

Dynagas LNG Partners Price Performance

The company’s 50-day moving average price is $2.93 and its 200 day moving average price is $2.79. 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

Large investors have recently bought and sold shares of the company. Citigroup Inc. bought a new stake in shares of Dynagas LNG Partners in the first quarter worth approximately $34,000. Cubist Systematic Strategies LLC bought a new stake in Dynagas LNG Partners during the second quarter valued at approximately $35,000. Apollon Wealth Management LLC bought a new stake in Dynagas LNG Partners during the fourth quarter valued at approximately $42,000. BNP Paribas Arbitrage SNC grew its position in 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 valued at $63,000 after buying an additional 12,894 shares during the period. Finally, Jane Street Group LLC bought a new stake in Dynagas LNG Partners during the fourth quarter valued at approximately $64,000.

Dynagas LNG Partners Company Profile

(Get Free Report)

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.