Capital Management Associates NY acquired a new stake in GasLog LP. (NYSE:GLOG) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,000 shares of the shipping company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Global Advisors LLC boosted its position in GasLog LP. by 1.5% in the first quarter. Eagle Global Advisors LLC now owns 3,416,935 shares of the shipping company’s stock valued at $52,450,000 after buying an additional 50,550 shares during the last quarter. Peregrine Capital Management LLC boosted its position in GasLog LP. by 18.0% in the first quarter. Peregrine Capital Management LLC now owns 1,109,685 shares of the shipping company’s stock valued at $16,701,000 after buying an additional 169,300 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new position in GasLog LP. during the first quarter valued at $13,445,000. HITE Hedge Asset Management LLC purchased a new position in GasLog LP. during the first quarter valued at $12,032,000. Finally, State Street Corp boosted its position in GasLog LP. by 9.4% in the fourth quarter. State Street Corp now owns 708,654 shares of the shipping company’s stock valued at $11,411,000 after buying an additional 61,071 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Shares of GasLog LP. (GLOG) opened at 16.85 on Monday. GasLog LP. has a 12-month low of $12.39 and a 12-month high of $18.35. The firm’s market capitalization is $1.36 billion. The stock’s 50 day moving average price is $16.04 and its 200 day moving average price is $15.21.

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 analysts’ consensus estimates of ($0.02) by $0.01. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The company had revenue of $129.90 million for the quarter, compared to the consensus estimate of $128.14 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts expect that GasLog LP. will post $0.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 14th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.32%. GasLog LP.’s payout ratio is -800.00%.

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Several research analysts have weighed in on GLOG shares. BidaskClub upgraded GasLog LP. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. ValuEngine upgraded GasLog LP. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley upgraded GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and set a $20.00 target price on shares of GasLog LP. in a report on Thursday. Finally, Credit Suisse Group started coverage on GasLog LP. in a report on Tuesday, April 25th. They set an “outperform” rating and a $21.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. GasLog LP. currently has an average rating of “Buy” and an average target price 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.

Institutional Ownership by Quarter for GasLog LP. (NYSE:GLOG)

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