Raymond James Financial Services Advisors Inc. acquired a new position in GasLog (NYSE:GLOG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,439 shares of the shipping company’s stock, valued at approximately $522,000.
Several other institutional investors have also modified their holdings of GLOG. Bank of New York Mellon Corp boosted its position in GasLog by 444.1% during the third quarter. Bank of New York Mellon Corp now owns 772,902 shares of the shipping company’s stock valued at $13,487,000 after acquiring an additional 630,846 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in GasLog by 19.4% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,993,807 shares of the shipping company’s stock valued at $44,362,000 after acquiring an additional 323,271 shares during the last quarter. Wells Fargo & Company MN boosted its position in GasLog by 124.6% during the fourth quarter. Wells Fargo & Company MN now owns 468,635 shares of the shipping company’s stock valued at $10,427,000 after acquiring an additional 259,953 shares during the last quarter. JPMorgan Chase & Co. boosted its position in GasLog by 1,786.1% during the third quarter. JPMorgan Chase & Co. now owns 85,158 shares of the shipping company’s stock valued at $1,452,000 after acquiring an additional 80,643 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in GasLog by 30.5% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 280,795 shares of the shipping company’s stock valued at $6,248,000 after acquiring an additional 65,692 shares during the last quarter. 48.66% of the stock is currently owned by institutional investors.
Shares of GLOG stock traded down $0.40 on Friday, reaching $16.80. 415,764 shares of the company were exchanged, compared to its average volume of 362,628. The stock has a market capitalization of $1,388.30, a PE ratio of 1,720.00 and a beta of 1.29. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.41 and a quick ratio of 1.39. GasLog has a one year low of $12.75 and a one year high of $22.55.
GasLog (NYSE:GLOG) last released its quarterly earnings data on Friday, February 16th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.08). The company had revenue of $135.80 million for the quarter, compared to the consensus estimate of $135.72 million. GasLog had a return on equity of 0.16% and a net margin of 2.95%. GasLog’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. analysts anticipate that GasLog will post 0.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.33%.
A number of analysts have commented on GLOG shares. Jefferies Group started coverage on shares of GasLog in a research report on Monday, December 18th. They set a “buy” rating and a $20.00 price target on the stock. Morgan Stanley cut shares of GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 price target on the stock. in a research report on Monday, February 12th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target (up previously from $19.00) on shares of GasLog in a research report on Saturday, February 17th. Zacks Investment Research cut shares of GasLog from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Finally, Seaport Global Securities reissued a “buy” rating and set a $23.00 price objective on shares of GasLog in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.54.
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GasLog Company Profile
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
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