Searle & CO. reduced its position in shares of GasLog Partners LP (NYSE:GLOP) by 2.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 48,400 shares of the shipping company’s stock after selling 1,000 shares during the period. Searle & CO. owned about 0.12% of GasLog Partners worth $1,096,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in GasLog Partners by 1.7% in the fourth quarter. FMR LLC now owns 1,120,100 shares of the shipping company’s stock worth $23,018,000 after buying an additional 19,200 shares in the last quarter. Guggenheim Capital LLC boosted its position in GasLog Partners by 22.1% in the fourth quarter. Guggenheim Capital LLC now owns 94,013 shares of the shipping company’s stock worth $1,932,000 after buying an additional 17,006 shares in the last quarter. OppenheimerFunds Inc. boosted its position in GasLog Partners by 43.5% in the first quarter. OppenheimerFunds Inc. now owns 2,500,867 shares of the shipping company’s stock worth $61,271,000 after buying an additional 758,500 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its position in GasLog Partners by 15.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,342,233 shares of the shipping company’s stock worth $57,376,000 after buying an additional 305,672 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in GasLog Partners during the first quarter worth about $858,000. Hedge funds and other institutional investors own 58.44% of the company’s stock.
Shares of GasLog Partners LP (NYSE:GLOP) opened at 23.75 on Monday. The stock’s 50 day moving average price is $23.54 and its 200 day moving average price is $23.34. The company has a market capitalization of $937.27 million, a PE ratio of 11.90 and a beta of 1.66. GasLog Partners LP has a 12-month low of $18.82 and a 12-month high of $25.45.
GasLog Partners (NYSE:GLOP) last announced its quarterly earnings data on Thursday, July 27th. The shipping company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.56 by $0.11. The firm had revenue of $65.27 million for the quarter, compared to the consensus estimate of $61.86 million. GasLog Partners had a net margin of 35.43% and a return on equity of 12.06%. GasLog Partners’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. On average, equities research analysts forecast that GasLog Partners LP will post $2.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, August 7th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.59%. This is a positive change from GasLog Partners’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, August 3rd. GasLog Partners’s dividend payout ratio (DPR) is presently 94.88%.
A number of research analysts have issued reports on GLOP shares. TheStreet upgraded GasLog Partners from a “c-” rating to a “b” rating in a research report on Monday, May 8th. Barclays PLC started coverage on GasLog Partners in a report on Friday, April 21st. They set an “equal weight” rating and a $26.00 price target on the stock. Zacks Investment Research cut GasLog Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC boosted their price target on GasLog Partners from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Morgan Stanley upgraded GasLog Partners from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $23.50 to $26.00 in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $25.40.
About GasLog Partners
GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.
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