Covenant Multifamily Offices LLC purchased a new position in shares of GasLog Partners LP Unit (NYSE:GLOP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,012 shares of the shipping company’s stock, valued at approximately $91,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Osborn Williams & Donohoe LLC bought a new stake in shares of GasLog Partners LP Unit during the 1st quarter worth $55,000. American Asset Management Inc. boosted its position in shares of GasLog Partners LP Unit by 9.4% in the first quarter. American Asset Management Inc. now owns 23,250 shares of the shipping company’s stock worth $526,000 after buying an additional 2,000 shares during the period. Deutsche Bank AG boosted its position in shares of GasLog Partners LP Unit by 209.8% in the fourth quarter. Deutsche Bank AG now owns 62,234 shares of the shipping company’s stock worth $1,232,000 after buying an additional 42,144 shares during the period. FMR LLC boosted its position in shares of GasLog Partners LP Unit by 13.0% in the fourth quarter. FMR LLC now owns 4,469,279 shares of the shipping company’s stock worth $88,492,000 after buying an additional 515,506 shares during the period. Finally, Millennium Management LLC boosted its position in shares of GasLog Partners LP Unit by 318.2% in the fourth quarter. Millennium Management LLC now owns 33,676 shares of the shipping company’s stock worth $667,000 after buying an additional 25,623 shares during the period. 44.44% of the stock is currently owned by institutional investors.
Shares of NYSE:GLOP traded down $0.25 during midday trading on Wednesday, hitting $21.21. 105,100 shares of the stock were exchanged, compared to its average volume of 168,649. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 1.39. GasLog Partners LP Unit has a 52-week low of $17.97 and a 52-week high of $25.99. The firm has a market cap of $866.78 million, a price-to-earnings ratio of 12.05 and a beta of 1.19.
GasLog Partners LP Unit (NYSE:GLOP) last announced its quarterly earnings data on Thursday, April 25th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.15). GasLog Partners LP Unit had a return on equity of 11.11% and a net margin of 25.75%. The firm had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $86.83 million. During the same quarter in the prior year, the business posted $0.64 earnings per share. GasLog Partners LP Unit’s revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts forecast that GasLog Partners LP Unit will post 1.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, May 6th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.20 annualized dividend and a dividend yield of 10.37%. GasLog Partners LP Unit’s dividend payout ratio is 125.00%.
Several analysts have recently commented on the company. Zacks Investment Research raised GasLog Partners LP Unit from a “strong sell” rating to a “hold” rating in a research report on Friday, April 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 target price (down previously from $23.00) on shares of GasLog Partners LP Unit in a research report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. GasLog Partners LP Unit has an average rating of “Hold” and a consensus price target of $26.33.
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GasLog Partners LP Unit Profile
GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.
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