Beck Capital Management LLC cut its stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 58.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,892 shares of the shipping company’s stock after selling 63,795 shares during the period. Beck Capital Management LLC owned approximately 0.13% of Dynagas LNG Partners worth $640,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in DLNG. Arrow Investment Advisors LLC raised its holdings in Dynagas LNG Partners by 25.5% during the third quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock worth $698,000 after acquiring an additional 10,171 shares in the last quarter. Royal Bank of Canada raised its holdings in Dynagas LNG Partners by 45.4% during the second quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock worth $107,000 after acquiring an additional 2,200 shares in the last quarter. California Public Employees Retirement System raised its stake in Dynagas LNG Partners by 2.2% in the second quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock valued at $3,897,000 after buying an additional 5,500 shares during the period. Ameriprise Financial Inc. raised its stake in Dynagas LNG Partners by 20.3% in the second quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock valued at $644,000 after buying an additional 7,095 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Dynagas LNG Partners in the second quarter valued at approximately $367,000. 17.36% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Dynagas LNG Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. ValuEngine upgraded Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price target on shares of Dynagas LNG Partners in a research note on Sunday, October 1st. Maxim Group reiterated a “buy” rating and issued a $18.00 price target on shares of Dynagas LNG Partners in a research note on Tuesday, September 5th. Finally, Jefferies Group reiterated a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Dynagas LNG Partners currently has a consensus rating of “Hold” and an average target price of $17.20.
Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Tuesday, September 5th. The shipping company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.10). The firm had revenue of $31.98 million during the quarter, compared to analyst estimates of $33.70 million. Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. equities research analysts predict that Dynagas LNG Partners LP will post 0.78 earnings per share for the current fiscal year.
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Dynagas LNG Partners Profile
Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’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).
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