Global X Management Co. LLC Has $6,939,000 Stake in GasLog Partners LP (GLOP)
Global X Management Co. LLC decreased its position in GasLog Partners LP (NYSE:GLOP) by 14.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 318,442 shares of the company’s stock after selling 55,671 shares during the period. Global X Management Co. LLC owned 0.99% of GasLog Partners worth $6,939,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of GLOP. Partnervest Advisory Services LLC boosted its stake in GasLog Partners by 5.2% in the third quarter. Partnervest Advisory Services LLC now owns 17,773 shares of the company’s stock valued at $387,000 after buying an additional 872 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in GasLog Partners by 50.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,518,330 shares of the company’s stock valued at $33,084,000 after buying an additional 510,500 shares in the last quarter. Harvest Fund Advisors LLC acquired a new stake in GasLog Partners during the second quarter valued at approximately $505,000. Advisory Research Inc. acquired a new stake in GasLog Partners during the second quarter valued at approximately $2,813,000. Finally, Eagle Global Advisors LLC boosted its stake in GasLog Partners by 3.9% in the second quarter. Eagle Global Advisors LLC now owns 1,182,396 shares of the company’s stock valued at $22,442,000 after buying an additional 44,200 shares in the last quarter.
Shares of GasLog Partners LP (NYSE:GLOP) traded down 2.16% during mid-day trading on Tuesday, reaching $20.40. The company had a trading volume of 121,545 shares. The company has a 50 day moving average price of $20.66 and a 200 day moving average price of $20.03. GasLog Partners LP has a one year low of $9.57 and a one year high of $22.00. The company has a market capitalization of $715.96 million, a price-to-earnings ratio of 9.59 and a beta of 1.55.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.01. The business earned $51.45 million during the quarter, compared to analyst estimates of $51.49 million. GasLog Partners’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. On average, analysts anticipate that GasLog Partners LP will post $2.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 11th. Shareholders of record on Monday, November 7th were given a dividend of $0.478 per share. This is a positive change from GasLog Partners’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, November 3rd. This represents a $1.91 dividend on an annualized basis and a yield of 9.17%.
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GLOP has been the subject of a number of research reports. Zacks Investment Research raised GasLog Partners from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, August 5th. Morgan Stanley reissued a “buy” rating on shares of GasLog Partners in a research note on Monday, August 1st. Clarkson Capital reissued a “buy” rating on shares of GasLog Partners in a research note on Friday, September 23rd. Jefferies Group reissued a “buy” rating and issued a $24.00 price objective on shares of GasLog Partners in a research note on Tuesday, September 13th. Finally, Stifel Nicolaus initiated coverage on GasLog Partners in a research note on Monday, November 21st. They issued a “buy” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.25.
About GasLog Partners
GasLog Partners LP is a limited partnership. The Company is focused on owning, operating and acquiring liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. The Company’s fleet consists of approximately eight LNG carriers, including over three vessels with tri-fuel diesel electric (TFDE) propulsion technology and approximately five steam vessels.
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