Arrowstreet Capital Limited Partnership acquired a new position in shares of GasLog Partners (NYSE:GLOP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,400 shares of the shipping company’s stock, valued at approximately $233,000.
Several other institutional investors have also recently added to or reduced their stakes in GLOP. Royce & Associates LP acquired a new position in GasLog Partners in the 4th quarter valued at about $4,965,000. Global X Management Co. LLC grew its stake in GasLog Partners by 8.7% in the 4th quarter. Global X Management Co. LLC now owns 535,460 shares of the shipping company’s stock valued at $13,253,000 after buying an additional 43,021 shares during the last quarter. Wells Fargo & Company MN grew its stake in GasLog Partners by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 173,585 shares of the shipping company’s stock valued at $4,297,000 after buying an additional 18,943 shares during the last quarter. Essex Financial Services Inc. acquired a new position in GasLog Partners in the 4th quarter valued at about $208,000. Finally, M&T Bank Corp acquired a new position in GasLog Partners in the 4th quarter valued at about $848,000. Institutional investors own 41.19% of the company’s stock.
A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of GasLog Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, April 2nd. ValuEngine upgraded shares of GasLog Partners from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Jefferies Group initiated coverage on shares of GasLog Partners in a research report on Monday, December 18th. They set a “buy” rating and a $28.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.40.
Shares of NYSE:GLOP traded down $0.20 on Friday, reaching $24.05. 85,520 shares of the company’s stock were exchanged, compared to its average volume of 134,088. GasLog Partners has a twelve month low of $21.80 and a twelve month high of $25.55. The firm has a market cap of $994.30, a PE ratio of 11.51 and a beta of 1.32. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 1.36.
GasLog Partners (NYSE:GLOP) last announced its earnings results on Wednesday, January 31st. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $76.22 million for the quarter, compared to analyst estimates of $75.45 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 36.2% compared to the same quarter last year. research analysts expect that GasLog Partners will post 1.84 EPS for the current year.
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About GasLog Partners
GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.
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