GasLog Partners LP Unit (NYSE:GLOP) Shares Acquired by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP boosted its position in shares of GasLog Partners LP Unit (NYSE:GLOP) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,281,979 shares of the shipping company’s stock after purchasing an additional 98,231 shares during the period. GasLog Partners LP Unit makes up 0.7% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 28th biggest position. Kayne Anderson Capital Advisors LP’s holdings in GasLog Partners LP Unit were worth $43,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barnett & Company Inc. grew its holdings in GasLog Partners LP Unit by 45.6% during the 2nd quarter. Barnett & Company Inc. now owns 6,390 shares of the shipping company’s stock valued at $136,000 after purchasing an additional 2,000 shares in the last quarter. NEXT Financial Group Inc acquired a new position in GasLog Partners LP Unit during the 2nd quarter worth $207,000. Oppenheimer & Co. Inc. acquired a new position in GasLog Partners LP Unit during the 3rd quarter worth $340,000. Arrow Investment Advisors LLC acquired a new position in GasLog Partners LP Unit during the 2nd quarter worth $381,000. Finally, SCP Investment LP acquired a new position in GasLog Partners LP Unit during the 2nd quarter worth $416,000. 36.59% of the stock is owned by institutional investors and hedge funds.

GLOP stock traded down $0.33 during mid-day trading on Friday, hitting $18.10. 285,226 shares of the company were exchanged, compared to its average volume of 151,147. The company has a market capitalization of $1.03 billion, a PE ratio of 10.28 and a beta of 0.99. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.66. GasLog Partners LP Unit has a twelve month low of $17.83 and a twelve month high of $24.77. The firm has a fifty day simple moving average of $19.52 and a 200 day simple moving average of $20.27.

GasLog Partners LP Unit (NYSE:GLOP) last announced its quarterly earnings data on Wednesday, October 30th. The shipping company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). The company had revenue of $96.49 million for the quarter, compared to analyst estimates of $96.30 million. GasLog Partners LP Unit had a return on equity of 11.10% and a net margin of 22.63%. GasLog Partners LP Unit’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, sell-side analysts anticipate that GasLog Partners LP Unit will post 1.84 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.55 per share. This is a positive change from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. This represents a $2.20 annualized dividend and a yield of 12.15%. The ex-dividend date of this dividend is Thursday, November 7th. GasLog Partners LP Unit’s dividend payout ratio (DPR) is currently 125.00%.

GLOP has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a report on Friday, October 18th. Barclays reissued a “hold” rating and set a $22.00 price objective on shares of GasLog Partners LP Unit in a report on Wednesday, October 16th. Finally, TheStreet lowered shares of GasLog Partners LP Unit from a “b-” rating to a “c” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. GasLog Partners LP Unit currently has an average rating of “Hold” and an average target price of $20.67.

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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Institutional Ownership by Quarter for GasLog Partners LP Unit (NYSE:GLOP)

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