Stock Traders Purchase High Volume of GasLog Put Options (NYSE:GLOG)

GasLog Ltd (NYSE:GLOG) was the target of unusually large options trading activity on Monday. Traders bought 635 put options on the stock. This represents an increase of 1,055% compared to the typical volume of 55 put options.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in GasLog during the third quarter worth about $103,000. Cambridge Investment Research Advisors Inc. acquired a new position in GasLog during the fourth quarter worth about $207,000. Cubist Systematic Strategies LLC boosted its position in GasLog by 23.4% during the second quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after acquiring an additional 2,403 shares during the last quarter. QS Investors LLC acquired a new position in GasLog during the second quarter worth about $194,000. Finally, Ameriprise Financial Inc. acquired a new position in GasLog during the second quarter worth about $244,000. Hedge funds and other institutional investors own 48.66% of the company’s stock.

Several equities research analysts have recently commented on the stock. Jefferies Group reiterated a “buy” rating and set a $24.00 price objective on shares of GasLog in a research note on Friday, January 26th. Morgan Stanley cut shares of GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 target price for the company. in a report on Monday, February 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of GasLog from a “sell” rating to a “hold” rating in a report on Monday. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price (up previously from $19.00) on shares of GasLog in a report on Saturday, February 17th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $23.00 price objective on shares of GasLog in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.97.

GasLog (NYSE GLOG) traded down $0.35 during mid-day trading on Wednesday, hitting $18.00. 218,246 shares of the stock were exchanged, compared to its average volume of 470,091. The stock has a market capitalization of $1,460.00, a PE ratio of 257.14 and a beta of 1.30. The company has a quick ratio of 1.39, a current ratio of 1.41 and a debt-to-equity ratio of 1.46. GasLog has a twelve month low of $12.75 and a twelve month high of $22.55.

GasLog (NYSE:GLOG) last released its earnings results on Friday, February 16th. The shipping company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The company had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $135.72 million. GasLog had a return on equity of 0.16% and a net margin of 2.95%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. equities research analysts expect that GasLog will post 0.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.11%. GasLog’s payout ratio is presently 800.00%.

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About GasLog

GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.

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