Raymond James Financial Services Advisors Inc. lowered its stake in GasLog LP. (NYSE:GLOG) by 43.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,612 shares of the shipping company’s stock after selling 13,360 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in GasLog LP. were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in shares of GasLog LP. by 2.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,429 shares of the shipping company’s stock valued at $479,000 after buying an additional 821 shares in the last quarter. Rhumbline Advisers grew its stake in shares of GasLog LP. by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 50,145 shares of the shipping company’s stock valued at $765,000 after buying an additional 1,350 shares in the last quarter. American International Group Inc. grew its stake in shares of GasLog LP. by 7.1% in the 1st quarter. American International Group Inc. now owns 25,198 shares of the shipping company’s stock valued at $387,000 after buying an additional 1,670 shares in the last quarter. Teachers Advisors LLC lifted its holdings in GasLog LP. by 2.5% in the 2nd quarter. Teachers Advisors LLC now owns 74,734 shares of the shipping company’s stock worth $1,140,000 after purchasing an additional 1,793 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its holdings in GasLog LP. by 0.4% in the 2nd quarter. Atlantic Trust Group LLC now owns 563,627 shares of the shipping company’s stock worth $8,595,000 after purchasing an additional 2,163 shares during the last quarter. 50.57% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research analysts recently commented on the company. BidaskClub lowered GasLog LP. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. DNB Markets cut GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 price target on the stock. in a research report on Wednesday, September 13th. Zacks Investment Research upgraded GasLog LP. from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of GasLog LP. in a research note on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. GasLog LP. presently has a consensus rating of “Buy” and a consensus target price of $18.98.
GasLog LP. (NYSE:GLOG) opened at $17.75 on Monday. The company has a market capitalization of $1,430.00, a P/E ratio of 355.00 and a beta of 1.27. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.41 and a current ratio of 1.45. GasLog LP. has a one year low of $12.75 and a one year high of $19.20.
GasLog LP. (NYSE:GLOG) last released its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. GasLog LP. had a return on equity of 0.19% and a net margin of 7.34%. The business had revenue of $131.24 million during the quarter, compared to analysts’ expectations of $132.32 million. The firm’s revenue was up 8.7% on a year-over-year basis. research analysts anticipate that GasLog LP. will post 0.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 13th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.56 dividend on an annualized basis and a yield of 3.15%. GasLog LP.’s dividend payout ratio is currently 160.00%.
GasLog LP. Profile
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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