GasLog LP. (GLOG) Shares Bought by Global X Management Co. LLC
Global X Management Co. LLC boosted its position in shares of GasLog LP. (NYSE:GLOG) by 25.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 852,448 shares of the shipping company’s stock after buying an additional 175,520 shares during the period. Global X Management Co. LLC’s holdings in GasLog LP. were worth $13,000,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLOG. Gilder Gagnon Howe & Co. LLC bought a new position in shares of GasLog LP. during the second quarter worth about $3,370,000. Eagle Global Advisors LLC boosted its position in shares of GasLog LP. by 30.6% in the second quarter. Eagle Global Advisors LLC now owns 4,463,509 shares of the shipping company’s stock worth $68,069,000 after buying an additional 1,046,574 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of 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 worth $1,500,000 after buying an additional 21,375 shares during the period. Capital Management Associates NY bought a new position in shares of GasLog LP. during the second quarter worth about $290,000. Finally, Point72 Asset Management L.P. bought a new position in shares of GasLog LP. during the first quarter worth about $1,194,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of GasLog LP. (NYSE:GLOG) opened at 16.85 on Thursday. The stock’s market capitalization is $1.36 billion. The stock’s 50 day moving average is $16.52 and its 200-day moving average is $15.24. GasLog LP. has a 12-month low of $12.39 and a 12-month high of $18.35.
GasLog LP. (NYSE:GLOG) last released its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01. The company had revenue of $129.90 million during the quarter, compared to analysts’ expectations of $128.14 million. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. GasLog LP.’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. On average, analysts expect that GasLog LP. will post $0.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Monday, August 14th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.56 annualized dividend and a yield of 3.32%. GasLog LP.’s dividend payout ratio (DPR) is -800.00%.
A number of research analysts have recently issued reports on GLOG shares. Credit Suisse Group started coverage on GasLog LP. in a research note on Tuesday, April 25th. They set an “outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research cut GasLog LP. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. ValuEngine raised GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Tuesday, June 13th. Finally, BidaskClub raised GasLog LP. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. GasLog LP. 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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