GasLog Partners LP Unit (NYSE:GLOP)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $17.91 and last traded at $17.93, with a volume of 2576 shares changing hands. The stock had previously closed at $18.16.
GLOP has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered GasLog Partners LP Unit from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research note on Tuesday, June 25th. Morgan Stanley reiterated 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 note on Wednesday, April 17th. TheStreet lowered GasLog Partners LP Unit from a “b-” rating to a “c” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded GasLog Partners LP Unit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.00.
The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 1.66. The business has a 50 day simple moving average of $20.83 and a two-hundred day simple moving average of $21.48. The firm has a market cap of $746.34 million, a PE ratio of 10.22 and a beta of 0.93.
GasLog Partners LP Unit (NYSE:GLOP) last released its earnings results on Thursday, July 25th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.13). GasLog Partners LP Unit had a return on equity of 10.50% and a net margin of 22.95%. The business had revenue of $92.10 million during the quarter, compared to analysts’ expectations of $91.29 million. During the same quarter in the previous year, the business earned $0.45 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts forecast that GasLog Partners LP Unit will post 1.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Monday, August 5th were paid a $0.55 dividend. This is a positive change from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, August 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 12.24%. GasLog Partners LP Unit’s dividend payout ratio (DPR) is presently 125.00%.
A number of hedge funds have recently added to or reduced their stakes in GLOP. Millennium Management LLC raised its stake in GasLog Partners LP Unit by 318.2% in the 4th quarter. Millennium Management LLC now owns 33,676 shares of the shipping company’s stock worth $667,000 after purchasing an additional 25,623 shares in the last quarter. Deutsche Bank AG raised its position in shares of GasLog Partners LP Unit by 209.8% in the 4th quarter. Deutsche Bank AG now owns 62,234 shares of the shipping company’s stock valued at $1,232,000 after buying an additional 42,144 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new position in shares of GasLog Partners LP Unit in the 1st quarter valued at approximately $55,000. Covenant Multifamily Offices LLC acquired a new position in shares of GasLog Partners LP Unit in the 1st quarter valued at approximately $91,000. Finally, Janney Montgomery Scott LLC raised its position in shares of GasLog Partners LP Unit by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 36,677 shares of the shipping company’s stock valued at $830,000 after buying an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 44.62% of the company’s stock.
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 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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