Canada Pension Plan Investment Board Has $1,016,000 Stake in GasLog LP. (GLOG)
Canada Pension Plan Investment Board held its position in shares of GasLog LP. (NYSE:GLOG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,600 shares of the shipping company’s stock at the end of the second quarter. Canada Pension Plan Investment Board owned approximately 0.08% of GasLog LP. worth $1,016,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. First Mercantile Trust Co. acquired a new stake in GasLog LP. during the first quarter valued at approximately $161,000. Tudor Investment Corp ET AL acquired a new stake in GasLog LP. during the first quarter valued at approximately $182,000. Advisory Services Network LLC acquired a new stake in GasLog LP. during the first quarter valued at approximately $196,000. Capital Management Associates NY acquired a new stake in GasLog LP. during the second quarter valued at approximately $290,000. Finally, Harbour Capital Advisors LLC boosted its stake in GasLog LP. by 1,425.0% in the second quarter. Harbour Capital Advisors LLC now owns 22,875 shares of the shipping company’s stock valued at $1,500,000 after buying an additional 21,375 shares during the period. Hedge funds and other institutional investors own 48.51% of the company’s stock.
GasLog LP. (NYSE GLOG) opened at 16.80 on Wednesday. The stock’s 50 day moving average price is $16.90 and its 200-day moving average price is $15.20. GasLog LP. has a 52-week low of $12.39 and a 52-week high of $18.35. The stock’s market capitalization is $1.35 billion.
GasLog LP. (NYSE:GLOG) last issued its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $129.90 million during the quarter, compared to analyst estimates of $128.14 million. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS. On average, equities analysts expect that GasLog LP. will post $0.10 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Monday, August 14th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, August 10th. GasLog LP.’s dividend payout ratio (DPR) is presently -800.00%.
GLOG has been the topic of several recent analyst reports. Zacks Investment Research raised GasLog LP. from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine raised GasLog LP. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut GasLog LP. from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 target price on shares of GasLog LP. in a research report on Thursday, August 3rd. Finally, Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a research report on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. GasLog LP. currently has an average rating of “Buy” and an average price target of $19.13.
About GasLog LP.
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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