Traders are feeling more bullish on Dynagas Lng Partners LP lately as inferred by the decrease in short interest. The stock recorded a fall in short interest of -5.86% as of the latest report on October 31, 2017. Short interest fell from 231,610 to 218,049 over that timeframe. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares is 0.01% as of October 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (DLNG). As of quarter end Citigroup Inc had acquired a total of 1,770 shares growing its stake by 442.5%. The value of the total investment in Dynagas Lng Partners LP went from $6,000 to $30,000 a change of 400.0% quarter to quarter. Stifel Financial Corp added to its investment by buying 342 shares an increase of 0.5% in the quarter. Stifel Financial Corp controls 69,042 shares with a value of $960,000. The total value of its holdings decreased 8.6%.
As of the end of the quarter Muhlenkamp & Co Inc had sold 6,910 shares trimming its holdings by 3.4%. The value in dollars decreased from $3,147,000 to $2,773,000 decreasing 11.9% quarter over quarter. As of quarter end Raymond James & Associates had bought 13,179 shares growing its position 7.1%. The value of the company’s investment in Dynagas Lng Partners LP went from $2,854,000 to $2,785,000 a change of $69,000 since the last quarter.
On October 31, 2017 Jefferies Group LLC reiterated a “Buy” rating on the company. October 1 investment analysts at Stifel Nicolaus kept the stock rating at “Buy” targeting a price of $19.00.
On September 5 Maxim Group made no change to the stock rating of “Buy” projecting a price of $18.00. On August 30 analysts at Maxim Group released a research note on DLNG stating a rating of “Buy” and projecting a price target of $18.00.
On August 25, 2017 Stifel Nicolaus issued a report on DLNG with a rating of “Buy” and price target of $19.00. August 22 investment analysts at Jefferies Group LLC left the company rating at “Buy” with a current price target of $19.00.
The company is up from yesterday’s close of 12.48. The company currently has a P/E ratio of 10.85 and market capitalization is 455.69M. In the last earnings report the EPS was $1.18 with 35.49M shares presently outstanding.
Dynagas LNG Partners LP, launched on May 30, 2013, is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Business’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River and the Lena River (collectively referred as its Fleet)..