Cobas Asset Management SGIIC SA recently announced the acquisition of new stake in Dynagas LNG Partners LP (NYSE:DLNG). The institutional investor has increased its shareholding in the Energy company by 16.04% to 5.18 million shares with purchase of 0.72 million shares. This fresh investment now brings its stake to 14.07% valued currently at $13.56 million. In addition, Goldman Sachs & Co. LLC raised its holdings by 238.0 to 1.19 million shares. And Gesalcalá SA SGIIC has lifted its position by 3.52% or 4219.0 shares – to 0.12 million shares.
With over 0.1 million Dynagas LNG Partners LP (DLNG) shares trading Monday and a closing price of $2.90 on the day, the dollar volume was approximately $0.3 million. The shares have shown a negative half year performance of -9.09% and its price on 01/23/23 gained nearly 9.02%. Currently, there are 36.80M common shares owned by the public and among those 17.64M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for DLNG have a consensus price objective of $4.00. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $4.00. The average price target is 27.5% above its recent price level and an upside to the estimated low will see the stock gain 27.5% over that period. But an upside of 27.5% will see the stock hit the forecast high price target while median target price for the stock is $4.00.
The top 3 mutual fund holders in Dynagas LNG Partners LP are Cobas Seleccion, FI, Cobas Internacional, FI, and Fidelity Series Value Discovery F. Cobas Seleccion, FI owns 1.84 million shares of the company’s stock, all valued at over $4.81 million. The company bought an additional 1.0 shares recently to bring their total holdings to about 4.99% of the shares outstanding. Cobas Internacional, FI bought 6738.0 shares to see its total holdings expand to 1.48 million shares valued at over $3.87 million and representing 4.02% of the shares outstanding. Fidelity Series Value Discovery F now owns shares totaling to 2.70% of the shares outstanding.
Shares of Dynagas LNG Partners LP (NYSE: DLNG) opened at $2.60, down -$0.06 from a prior closing price of $2.66. However, the script later moved the day high at 2.9100, up 9.02%. The company’s stock has a 5-day price change of -1.02% and 0.00% over the past three months. DLNG shares are trading 10.69% year to date (YTD), with the 12-month market performance down to -0.68% lower. It has a 12-month low price of $2.08 and touched a high of $4.49 over the same period. DLNG has an average intraday trading volume of 75.60K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.69%, 2.07%, and -10.78% respectively.
Institutional ownership of Dynagas LNG Partners LP (NYSE: DLNG) shares accounts for 21.60% of the company’s 36.80M shares outstanding. Mutual fund holders own 14.22%, while other institutional holders and individual stakeholders account for 7.33% and — respectively.
It has a market capitalization of $108.69M and a beta (3y monthly) value of 1.59. The stock’s trailing 12-month PE ratio is 2.28, while the earnings-per-share (ttm) stands at $1.27. The company has a PEG of 2.28 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.29% over the week and 7.51% over the month.
Analysts forecast that Dynagas LNG Partners LP (DLNG) will achieve an EPS of $0.08 for the current quarter, $0.23 for the next quarter and $0.83 for 2023. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.24 a year ago. Earnings per share for the fiscal year are expected to increase by 80.60%, and 27.54% over the next financial year. EPS should grow at an annualized rate of 1.00% over the next five years, compared to -7.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Dynagas LNG Partners LP (DLNG) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the DLNG, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on April 27, 2022, with the firm’s price target at $3.50. Jefferies was of a view on January 29, 2019 that the stock is Hold, while B. Riley FBR gave the stock Neutral rating on January 28, 2019, issuing a price target of $10.50- $2.65. Wells Fargo on their part issued Underperform rating on November 20, 2018.
