Global X Management Co. LLC Has $6,939,000 Stake in GasLog Partners LP (GLOP)
Global X Management Co. LLC decreased its stake in shares of GasLog Partners LP (NYSE:GLOP) by 14.9% during the third quarter, Holdings Channel reports. The institutional investor owned 318,442 shares of the company’s stock after selling 55,671 shares during the period. Global X Management Co. LLC’s holdings in GasLog Partners were worth $6,939,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Kayne Anderson Capital Advisors LP acquired a new stake in shares of GasLog Partners during the third quarter valued at approximately $51,722,000. Duff & Phelps Investment Management Co. increased its stake in shares of GasLog Partners by 50.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,518,330 shares of the company’s stock valued at $33,084,000 after buying an additional 510,500 shares in the last quarter. FMR LLC increased its stake in shares of GasLog Partners by 312.5% in the second quarter. FMR LLC now owns 523,900 shares of the company’s stock valued at $9,944,000 after buying an additional 396,900 shares in the last quarter. Advisory Research Inc. acquired a new stake in shares of GasLog Partners during the second quarter valued at approximately $2,813,000. Finally, JPMorgan Chase & Co. increased its stake in shares of GasLog Partners by 47.3% in the third quarter. JPMorgan Chase & Co. now owns 297,682 shares of the company’s stock valued at $6,487,000 after buying an additional 95,588 shares in the last quarter.
GasLog Partners LP (NYSE:GLOP) traded down 2.16% during midday trading on Tuesday, reaching $20.40. The company’s stock had a trading volume of 121,545 shares. The stock has a market cap of $715.96 million, a price-to-earnings ratio of 9.59 and a beta of 1.55. The stock’s 50 day moving average price is $20.66 and its 200-day moving average price is $20.03. GasLog Partners LP has a one year low of $9.57 and a one year high of $22.00.
GasLog Partners (NYSE:GLOP) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $51.45 million for the quarter, compared to analysts’ expectations of $51.49 million. GasLog Partners’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, analysts forecast that GasLog Partners LP will post $2.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Monday, November 7th were issued a dividend of $0.478 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This is a positive change from GasLog Partners’s previous quarterly dividend of $0.43. This represents a $1.91 dividend on an annualized basis and a dividend yield of 9.17%.
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A number of equities analysts have recently issued reports on GLOP shares. Wells Fargo & Co. upgraded GasLog Partners from a “market perform” rating to an “outperform” rating in a research note on Friday, September 9th. Zacks Investment Research downgraded GasLog Partners from a “hold” rating to a “sell” rating in a research note on Thursday, November 3rd. Morgan Stanley downgraded GasLog Partners from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 2nd. Clarkson Capital restated a “buy” rating on shares of GasLog Partners in a research note on Friday, September 23rd. Finally, Stifel Nicolaus started coverage on GasLog Partners in a research note on Monday, November 21st. They issued a “buy” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $20.25.
GasLog Partners Company Profile
GasLog Partners LP is a limited partnership. The Company is focused on owning, operating and acquiring liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. The Company’s fleet consists of approximately eight LNG carriers, including over three vessels with tri-fuel diesel electric (TFDE) propulsion technology and approximately five steam vessels.
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