Evergreen Capital Management LLC Acquires 78,625 Shares of GasLog Partners LP (GLOP)
Evergreen Capital Management LLC raised its holdings in GasLog Partners LP (NYSE:GLOP) by 83.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,334 shares of the shipping company’s stock after purchasing an additional 78,625 shares during the quarter. Evergreen Capital Management LLC owned about 0.42% of GasLog Partners worth $4,007,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of GLOP. The Manufacturers Life Insurance Company increased its stake in GasLog Partners by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after purchasing an additional 323 shares during the period. People s United Financial Inc. acquired a new position in GasLog Partners in the second quarter valued at $227,000. Csenge Advisory Group acquired a new position in GasLog Partners in the third quarter valued at $251,000. Moors & Cabot Inc. increased its stake in shares of GasLog Partners by 19.4% during the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock worth $259,000 after acquiring an additional 1,868 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of GasLog Partners by 22.3% during the second quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock worth $293,000 after acquiring an additional 2,362 shares during the period. Institutional investors own 42.64% of the company’s stock.
Shares of GasLog Partners LP (NYSE GLOP) traded up $0.15 during trading on Monday, hitting $22.85. 47,900 shares of the stock were exchanged, compared to its average volume of 185,701. GasLog Partners LP has a twelve month low of $19.55 and a twelve month high of $25.45. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $947.03, a price-to-earnings ratio of 10.68 and a beta of 1.67.
GasLog Partners (NYSE:GLOP) last issued its quarterly earnings results on Thursday, October 26th. The shipping company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). GasLog Partners had a return on equity of 12.44% and a net margin of 34.89%. The firm had revenue of $73.40 million for the quarter, compared to analyst estimates of $72.11 million. During the same quarter last year, the firm earned $0.56 earnings per share. The company’s revenue was up 11.2% compared to the same quarter last year. equities analysts forecast that GasLog Partners LP will post 2.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Monday, November 6th were given a dividend of $0.5175 per share. This is a positive change from GasLog Partners’s previous quarterly dividend of $0.51. This represents a $2.07 annualized dividend and a yield of 9.06%. The ex-dividend date was Friday, November 3rd. GasLog Partners’s dividend payout ratio is presently 96.28%.
GLOP has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of GasLog Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research lowered shares of GasLog Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Barclays PLC dropped their price target on shares of GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. ValuEngine upgraded shares of GasLog Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $27.00 price target on shares of GasLog Partners in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.40.
GasLog Partners Profile
GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.
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