GasLog Partners LP Unit (NYSE:GLOP) Reaches New 12-Month Low at $17.91

GasLog Partners LP Unit (NYSE:GLOP) reached a new 52-week low during trading on Thursday . The stock traded as low as $17.91 and last traded at $17.93, with a volume of 2576 shares trading hands. The stock had previously closed at $18.16.

GLOP has been the subject of several research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price target (down previously from $23.00) on shares of GasLog Partners LP Unit in a research report on Wednesday, April 17th. Zacks Investment Research raised shares of GasLog Partners LP Unit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 31st. TheStreet lowered shares of GasLog Partners LP Unit from a “b-” rating to a “c” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lowered shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Tuesday, June 25th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

The stock has a 50 day moving average of $20.83 and a 200-day moving average of $21.48. The company has a market capitalization of $746.34 million, a P/E ratio of 10.22 and a beta of 0.93. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66.

GasLog Partners LP Unit (NYSE:GLOP) last announced its quarterly earnings data on Thursday, July 25th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.13). The company had revenue of $92.10 million for the quarter, compared to the consensus estimate of $91.29 million. GasLog Partners LP Unit had a net margin of 22.95% and a return on equity of 10.50%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, sell-side analysts expect that GasLog Partners LP Unit will post 1.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, August 5th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, August 2nd. This is an increase from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. This represents a $2.20 dividend on an annualized basis and a dividend yield of 12.24%. GasLog Partners LP Unit’s payout ratio is 125.00%.

Several large investors have recently made changes to their positions in GLOP. Invesco Ltd. boosted its stake in GasLog Partners LP Unit by 3,989.0% in the 2nd quarter. Invesco Ltd. now owns 2,509,103 shares of the shipping company’s stock worth $53,268,000 after purchasing an additional 2,447,740 shares during the period. Tortoise Capital Advisors L.L.C. boosted its stake in GasLog Partners LP Unit by 21.4% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 2,553,340 shares of the shipping company’s stock worth $54,207,000 after purchasing an additional 450,096 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in GasLog Partners LP Unit by 20.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,123,848 shares of the shipping company’s stock worth $48,060,000 after purchasing an additional 367,800 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in GasLog Partners LP Unit by 25.5% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,375,870 shares of the shipping company’s stock worth $29,210,000 after purchasing an additional 279,550 shares during the period. Finally, 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 during the period. Institutional investors own 44.62% of the company’s stock.

About GasLog Partners LP Unit (NYSE:GLOP)

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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