Regent Investment Management LLC Sells 11,300 Shares of GasLog Partners LP (NYSE:GLOP)

Regent Investment Management LLC decreased its holdings in shares of GasLog Partners LP (NYSE:GLOPGet Rating) by 12.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,582 shares of the shipping company’s stock after selling 11,300 shares during the quarter. Regent Investment Management LLC owned about 0.15% of GasLog Partners worth $436,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Forager Funds Management Pty Ltd bought a new stake in GasLog Partners during the 4th quarter valued at approximately $821,000. Hall Private Wealth Advisors bought a new stake in shares of GasLog Partners in the 1st quarter worth approximately $326,000. Privium Fund Management UK Ltd lifted its position in shares of GasLog Partners by 65.4% in the 4th quarter. Privium Fund Management UK Ltd now owns 64,500 shares of the shipping company’s stock worth $275,000 after acquiring an additional 25,500 shares during the period. UBS Group AG lifted its position in shares of GasLog Partners by 401.9% in the 1st quarter. UBS Group AG now owns 80,227 shares of the shipping company’s stock worth $462,000 after acquiring an additional 64,242 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of GasLog Partners in the 1st quarter worth approximately $314,000. Institutional investors own 21.92% of the company’s stock.

GasLog Partners Price Performance

Shares of GLOP traded down $0.47 during mid-day trading on Friday, reaching $5.03. The company had a trading volume of 8,754 shares, compared to its average volume of 255,836. GasLog Partners LP has a twelve month low of $3.24 and a twelve month high of $7.23. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 1.43. The company’s 50-day moving average is $5.82 and its 200-day moving average is $5.50.

GasLog Partners (NYSE:GLOPGet Rating) last issued its earnings results on Thursday, July 28th. The shipping company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. GasLog Partners had a positive return on equity of 16.24% and a negative net margin of 4.57%. The business had revenue of $84.92 million during the quarter, compared to analysts’ expectations of $78.87 million. On average, research analysts anticipate that GasLog Partners LP will post 1.5 EPS for the current fiscal year.

GasLog Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.80%. GasLog Partners’s payout ratio is presently -5.56%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded GasLog Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th.

GasLog Partners Company Profile

(Get Rating)

GasLog Partners LP acquires, owns, and operates liquefied natural gas (LNG) carriers under multi-year charters. As of February 24, 2022, it operated a fleet of 15 LNG carriers. The company was founded in 2014 and is based in Piraeus, Greece.

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Institutional Ownership by Quarter for GasLog Partners (NYSE:GLOP)

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