GasLog Partners LP Unit (GLOP) Sets New 12-Month Low at $21.65

Shares of GasLog Partners LP Unit (NYSE:GLOP) reached a new 52-week low on Thursday . The company traded as low as $21.65 and last traded at $22.17, with a volume of 2425 shares traded. The stock had previously closed at $22.22.

A number of analysts have weighed in on the company. Berenberg Bank assumed coverage on GasLog Partners LP Unit in a research report on Thursday, September 6th. They set a “buy” rating and a $29.00 price objective for the company. B. Riley assumed coverage on GasLog Partners LP Unit in a research report on Wednesday, September 5th. They set a “neutral” rating and a $27.00 price objective for the company. Morgan Stanley decreased their price objective on GasLog Partners LP Unit from $27.00 to $26.50 and set a “buy” rating for the company in a research report on Monday, November 19th. Zacks Investment Research raised GasLog Partners LP Unit from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, October 23rd. Finally, ValuEngine raised GasLog Partners LP Unit from a “hold” rating to a “buy” rating in a research report on Monday, October 22nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.44.

The company has a debt-to-equity ratio of 1.25, a current ratio of 1.31 and a quick ratio of 1.29. The firm has a market cap of $911.07 million, a P/E ratio of 10.73 and a beta of 1.14.

GasLog Partners LP Unit (NYSE:GLOP) last posted its quarterly earnings results on Thursday, October 25th. The shipping company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $81.89 million during the quarter, compared to analysts’ expectations of $81.68 million. GasLog Partners LP Unit had a return on equity of 13.09% and a net margin of 33.57%. Research analysts anticipate that GasLog Partners LP Unit will post 1.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Monday, November 5th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $2.12 annualized dividend and a dividend yield of 9.45%. GasLog Partners LP Unit’s dividend payout ratio is currently 101.44%.

Several institutional investors and hedge funds have recently bought and sold shares of GLOP. Tortoise Capital Advisors L.L.C. acquired a new stake in shares of GasLog Partners LP Unit in the 3rd quarter valued at approximately $56,250,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of GasLog Partners LP Unit in the 3rd quarter valued at approximately $13,944,000. Virtus Alternative Investment Advisers Inc. acquired a new stake in shares of GasLog Partners LP Unit in the 3rd quarter valued at approximately $8,196,000. Renaissance Technologies LLC lifted its holdings in shares of GasLog Partners LP Unit by 104.2% in the 2nd quarter. Renaissance Technologies LLC now owns 522,700 shares of the shipping company’s stock valued at $12,466,000 after buying an additional 266,700 shares during the period. Finally, McGowan Group Asset Management Inc. lifted its holdings in shares of GasLog Partners LP Unit by 77.3% in the 3rd quarter. McGowan Group Asset Management Inc. now owns 297,140 shares of the shipping company’s stock valued at $7,428,000 after buying an additional 129,586 shares during the period. 45.62% of the stock is owned by institutional investors and hedge funds.

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About GasLog Partners LP Unit (NYSE:GLOP)

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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