GasLog Partners LP Unit (GLOP) Position Trimmed by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in GasLog Partners LP Unit (NYSE:GLOP) by 15.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 468,919 shares of the shipping company’s stock after selling 88,836 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in GasLog Partners LP Unit were worth $9,285,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. American Asset Management Inc. raised its position in GasLog Partners LP Unit by 2.6% in the 4th quarter. American Asset Management Inc. now owns 21,250 shares of the shipping company’s stock worth $421,000 after purchasing an additional 534 shares during the period. SeaBridge Investment Advisors LLC raised its position in GasLog Partners LP Unit by 100.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 2,000 shares of the shipping company’s stock worth $40,000 after purchasing an additional 1,000 shares during the period. Janney Montgomery Scott LLC raised its position in GasLog Partners LP Unit by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,279 shares of the shipping company’s stock worth $699,000 after purchasing an additional 1,083 shares during the period. Quantamental Technologies LLC purchased a new stake in GasLog Partners LP Unit in the 4th quarter worth about $36,000. Finally, JPMorgan Chase & Co. raised its position in GasLog Partners LP Unit by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 592,654 shares of the shipping company’s stock worth $14,816,000 after purchasing an additional 2,160 shares during the period. 42.33% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on GLOP shares. ValuEngine lowered shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th. Morgan Stanley reduced their target price on shares of GasLog Partners LP Unit from $27.00 to $26.50 and set a “buy” rating on the stock in a research report on Monday, November 19th. Finally, Zacks Investment Research lowered shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.36.

Shares of NYSE:GLOP opened at $21.88 on Friday. The company has a market cap of $912.70 million, a PE ratio of 12.43 and a beta of 1.26. GasLog Partners LP Unit has a one year low of $17.97 and a one year high of $25.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.33 and a current ratio of 0.34.

GasLog Partners LP Unit (NYSE:GLOP) last issued its earnings results on Wednesday, January 30th. The shipping company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.16). The company had revenue of $86.85 million for the quarter, compared to analysts’ expectations of $88.68 million. GasLog Partners LP Unit had a return on equity of 11.87% and a net margin of 30.10%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. Sell-side analysts anticipate that GasLog Partners LP Unit will post 1.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 13th. Stockholders of record on Friday, February 8th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, February 7th. This is a positive change from GasLog Partners LP Unit’s previous quarterly dividend of $0.53. This represents a $2.20 dividend on an annualized basis and a dividend yield of 10.05%. GasLog Partners LP Unit’s dividend payout ratio (DPR) is 125.00%.

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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 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.

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

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