GasLog Partners LP Unit (NYSE:GLOP) Short Interest Down 7.4% in October
GasLog Partners LP Unit (NYSE:GLOP) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 514,800 shares, a decrease of 7.4% from the September 30th total of 555,800 shares. Based on an average daily trading volume, of 143,700 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.6% of the company’s stock are short sold.
Institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC bought a new position in GasLog Partners LP Unit in the 2nd quarter worth about $673,000. Cohen & Steers Inc. boosted its stake in GasLog Partners LP Unit by 9.1% in the 2nd quarter. Cohen & Steers Inc. now owns 369,560 shares of the shipping company’s stock worth $7,846,000 after purchasing an additional 30,762 shares in the last quarter. Barnett & Company Inc. boosted its stake in GasLog Partners LP Unit by 45.6% in the 2nd quarter. Barnett & Company Inc. now owns 6,390 shares of the shipping company’s stock worth $136,000 after purchasing an additional 2,000 shares in the last quarter. First Trust Advisors LP boosted its stake in GasLog Partners LP Unit by 35.1% in the 2nd quarter. First Trust Advisors LP now owns 307,913 shares of the shipping company’s stock worth $6,537,000 after purchasing an additional 80,013 shares in the last quarter. Finally, Arrow Investment Advisors LLC boosted its stake in GasLog Partners LP Unit by 11.7% in the 3rd quarter. Arrow Investment Advisors LLC now owns 20,050 shares of the shipping company’s stock worth $381,000 after purchasing an additional 2,106 shares in the last quarter. Institutional investors own 36.80% of the company’s stock.
A number of analysts have recently weighed in on the stock. Barclays reaffirmed a “hold” rating and issued a $22.00 target price on shares of GasLog Partners LP Unit in a research report on Wednesday, October 16th. TheStreet downgraded shares of GasLog Partners LP Unit from a “b-” rating to a “c” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.67.
GasLog Partners LP Unit (NYSE:GLOP) last released its earnings results on Wednesday, October 30th. The shipping company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The business had revenue of $96.49 million during the quarter, compared to analysts’ expectations of $96.30 million. GasLog Partners LP Unit had a return on equity of 11.10% and a net margin of 22.63%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. On average, research analysts predict that GasLog Partners LP Unit will post 1.81 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, November 8th were paid a $0.55 dividend. This is a boost from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.20 dividend on an annualized basis and a yield of 13.31%. GasLog Partners LP Unit’s payout ratio is presently 125.00%.
GasLog Partners LP Unit Company Profile
GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.
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