Partnervest Advisory Services LLC Has $305,000 Position in GasLog Partners LP (GLOP)
Partnervest Advisory Services LLC decreased its position in shares of GasLog Partners LP (NYSE:GLOP) by 5.2% during the second quarter, Holdings Channel reports. The firm owned 13,450 shares of the shipping company’s stock after selling 743 shares during the period. Partnervest Advisory Services LLC’s holdings in GasLog Partners were worth $305,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Essex Financial Services Inc. bought a new position in GasLog Partners during the first quarter worth about $204,000. Koch Industries Inc. bought a new position in GasLog Partners during the first quarter worth about $206,000. HighTower Advisors LLC bought a new position in GasLog Partners during the first quarter worth about $265,000. Meridian Wealth Management LLC bought a new position in GasLog Partners during the second quarter worth about $252,000. Finally, Stifel Financial Corp bought a new position in GasLog Partners during the first quarter worth about $306,000. Institutional investors and hedge funds own 58.44% of the company’s stock.
GasLog Partners LP (NYSE GLOP) opened at 23.05 on Friday. The stock has a market cap of $909.65 million, a P/E ratio of 11.55 and a beta of 1.66. The stock has a 50 day moving average price of $23.77 and a 200-day moving average price of $23.42. GasLog Partners LP has a 52 week low of $18.85 and a 52 week high of $25.45.
GasLog Partners (NYSE:GLOP) last announced its earnings results on Thursday, July 27th. The shipping company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.11. GasLog Partners had a net margin of 35.43% and a return on equity of 12.06%. The business had revenue of $65.27 million for the quarter, compared to the consensus estimate of $61.86 million. During the same period in the prior year, the business posted $0.52 EPS. GasLog Partners’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that GasLog Partners LP will post $2.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.51 per share. This is an increase from GasLog Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.85%. GasLog Partners’s dividend payout ratio (DPR) is currently 94.88%.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded GasLog Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Barclays PLC assumed coverage on GasLog Partners in a research note on Friday, April 21st. They set an “equal weight” rating and a $26.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price target on shares of GasLog Partners in a research note on Tuesday, July 4th. Morgan Stanley upgraded GasLog Partners from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.50 to $26.00 in a research note on Tuesday, June 13th. Finally, TheStreet upgraded GasLog Partners from a “c-” rating to a “b” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.40.
GasLog Partners Company 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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