Arrow Investment Advisors LLC Acquires 2,695 Shares of GasLog Partners LP Unit (NYSE:GLOP)

Share on StockTwits

Arrow Investment Advisors LLC boosted its position in shares of GasLog Partners LP Unit (NYSE:GLOP) by 13.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,745 shares of the shipping company’s stock after purchasing an additional 2,695 shares during the quarter. Arrow Investment Advisors LLC’s holdings in GasLog Partners LP Unit were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GLOP. First Trust Advisors LP grew its position in GasLog Partners LP Unit by 6.7% during the 1st quarter. First Trust Advisors LP now owns 227,900 shares of the shipping company’s stock valued at $5,157,000 after purchasing an additional 14,258 shares during the last quarter. PARK CIRCLE Co purchased a new stake in GasLog Partners LP Unit during the 3rd quarter valued at about $949,000. American Asset Management Inc. grew its position in GasLog Partners LP Unit by 3.9% during the 3rd quarter. American Asset Management Inc. now owns 24,050 shares of the shipping company’s stock valued at $456,000 after purchasing an additional 900 shares during the last quarter. California Public Employees Retirement System grew its position in GasLog Partners LP Unit by 505.3% during the 3rd quarter. California Public Employees Retirement System now owns 63,856 shares of the shipping company’s stock valued at $1,212,000 after purchasing an additional 53,307 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in GasLog Partners LP Unit during the 3rd quarter valued at about $340,000. 36.46% of the stock is currently owned by institutional investors.

Shares of NYSE GLOP opened at $4.45 on Friday. The firm’s 50-day moving average price is $12.25 and its 200-day moving average price is $16.77. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 2.00. The company has a market cap of $224.98 million, a PE ratio of -3.16 and a beta of 0.98. GasLog Partners LP Unit has a 52-week low of $4.41 and a 52-week high of $23.38.

GasLog Partners LP Unit (NYSE:GLOP) last announced its quarterly earnings results on Thursday, February 6th. The shipping company reported ($2.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($2.86). The company had revenue of $96.51 million for the quarter, compared to analysts’ expectations of $96.73 million. GasLog Partners LP Unit had a negative net margin of 12.13% and a positive return on equity of 13.13%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. As a group, equities research analysts anticipate that GasLog Partners LP Unit will post 1.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.561 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 50.43%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from GasLog Partners LP Unit’s previous quarterly dividend of $0.55. GasLog Partners LP Unit’s dividend payout ratio (DPR) is presently 120.88%.

GLOP has been the topic of several recent analyst reports. Evercore ISI downgraded shares of GasLog Partners LP Unit from an “outperform” rating to an “underperform” rating and cut their price objective for the company from $24.00 to $11.00 in a research report on Thursday, January 23rd. Zacks Investment Research downgraded shares of GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Jefferies Financial Group downgraded shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research report on Thursday, February 6th. Citigroup downgraded shares of GasLog Partners LP Unit from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $6.50 in a research report on Friday, February 7th. Finally, ValuEngine raised shares of GasLog Partners LP Unit from a “sell” rating to a “hold” rating in a research report on Saturday, December 7th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $13.21.

About GasLog Partners LP Unit

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.

Further Reading: What is a Call Option?

Want to see what other hedge funds are holding GLOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GasLog Partners LP Unit (NYSE:GLOP).

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

Receive News & Ratings for GasLog Partners LP Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners LP Unit and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Microsoft Co.  Shares Sold by North Star Asset Management Inc.
Microsoft Co. Shares Sold by North Star Asset Management Inc.
Point View Wealth Management Inc. Lowers Stock Position in Microsoft Co.
Point View Wealth Management Inc. Lowers Stock Position in Microsoft Co.
Secure Asset Management LLC Acquires New Holdings in Microsoft Co.
Secure Asset Management LLC Acquires New Holdings in Microsoft Co.
Microsoft Co.  Stake Increased by Wedgewood Investors Inc. PA
Microsoft Co. Stake Increased by Wedgewood Investors Inc. PA
Palladium Partners LLC Has $59.59 Million Stock Holdings in Microsoft Co.
Palladium Partners LLC Has $59.59 Million Stock Holdings in Microsoft Co.
State of Tennessee Treasury Department Sells 82,917 Shares of Microsoft Co.
State of Tennessee Treasury Department Sells 82,917 Shares of Microsoft Co.


 
© 2006-2020 Zolmax.