Arrowstreet Capital Limited Partnership purchased a new stake in shares of GasLog Partners LP (NYSE:GLOP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,400 shares of the shipping company’s stock, valued at approximately $233,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in GLOP. The Manufacturers Life Insurance Company boosted its holdings in shares of GasLog Partners by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 323 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of GasLog Partners by 24.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 581,048 shares of the shipping company’s stock valued at $13,538,000 after acquiring an additional 114,193 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of GasLog Partners by 83.9% in the third quarter. Evergreen Capital Management LLC now owns 172,334 shares of the shipping company’s stock worth $4,007,000 after buying an additional 78,625 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of GasLog Partners by 5.4% in the third quarter. Wells Fargo & Company MN now owns 154,642 shares of the shipping company’s stock worth $3,595,000 after buying an additional 7,932 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of GasLog Partners in the fourth quarter worth approximately $848,000. 41.23% of the stock is currently owned by hedge funds and other institutional investors.
GasLog Partners LP (NYSE:GLOP) opened at $23.60 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. GasLog Partners LP has a 1-year low of $21.80 and a 1-year high of $25.55. The firm has a market cap of $987.40, a P/E ratio of 11.51 and a beta of 1.34.
GasLog Partners (NYSE:GLOP) last issued its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. GasLog Partners had a net margin of 33.73% and a return on equity of 12.39%. The business had revenue of $76.22 million for the quarter, compared to the consensus estimate of $75.45 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 36.2% on a year-over-year basis. equities research analysts forecast that GasLog Partners LP will post 1.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 9th were issued a dividend of $0.5235 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.09 annualized dividend and a yield of 8.87%. This is an increase from GasLog Partners’s previous quarterly dividend of $0.52. GasLog Partners’s payout ratio is currently 101.95%.
A number of equities analysts recently issued reports on GLOP shares. Zacks Investment Research downgraded shares of GasLog Partners from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. ValuEngine raised shares of GasLog Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Finally, Jefferies Group started coverage on shares of GasLog Partners in a report on Monday, December 18th. They issued a “buy” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $26.40.
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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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