35,000 Shares in GasLog Partners LP (GLOP) Acquired by Bank of Montreal Can

Bank of Montreal Can acquired a new stake in GasLog Partners LP (NYSE:GLOP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,000 shares of the shipping company’s stock, valued at approximately $858,000. Bank of Montreal Can owned approximately 0.10% of GasLog Partners as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of GasLog Partners by 387.9% in the third quarter. Morgan Stanley now owns 1,408,887 shares of the shipping company’s stock valued at $30,700,000 after buying an additional 1,120,115 shares during the period. Luminus Management LLC acquired a new stake in shares of GasLog Partners during the fourth quarter valued at approximately $13,586,000. Eagle Global Advisors LLC boosted its stake in shares of GasLog Partners by 15.5% in the third quarter. Eagle Global Advisors LLC now owns 1,366,016 shares of the shipping company’s stock valued at $29,765,000 after buying an additional 183,620 shares during the period. Rafferty Asset Management LLC acquired a new stake in shares of GasLog Partners during the fourth quarter valued at approximately $2,579,000. Finally, Two Sigma Investments LP boosted its stake in shares of GasLog Partners by 371.9% in the fourth quarter. Two Sigma Investments LP now owns 125,432 shares of the shipping company’s stock valued at $2,578,000 after buying an additional 98,853 shares during the period. 56.55% of the stock is owned by institutional investors and hedge funds.

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

Shares of GasLog Partners LP (NYSE:GLOP) opened at 23.60 on Wednesday. The firm has a 50-day moving average of $23.58 and a 200 day moving average of $22.39. The company has a market capitalization of $921.46 million, a PE ratio of 10.69 and a beta of 1.66. GasLog Partners LP has a 12 month low of $18.00 and a 12 month high of $25.20.

GasLog Partners (NYSE:GLOP) last posted its quarterly earnings results on Thursday, April 27th. The shipping company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.04. The firm had revenue of $57 million during the quarter, compared to the consensus estimate of $57.02 million. GasLog Partners had a net margin of 34.16% and a return on equity of 11.68%. GasLog Partners’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. On average, equities research analysts expect that GasLog Partners LP will post $2.40 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Monday, May 8th were issued a $0.50 dividend. This is a boost from GasLog Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $2.00 annualized dividend and a yield of 8.47%. GasLog Partners’s dividend payout ratio (DPR) is currently 90.32%.

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Several brokerages have commented on GLOP. Jefferies Group LLC boosted their price target on shares of GasLog Partners from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. TheStreet upgraded shares of GasLog Partners from a “d+” rating to a “c-” rating in a research report on Thursday, February 23rd. Barclays PLC began coverage on shares of GasLog Partners in a research report on Friday, April 21st. They issued an “equal weight” rating and a $26.00 price target on the stock. Finally, Zacks Investment Research cut shares of GasLog Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.17.

GasLog Partners Company Profile

GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.

12 Month Chart for NYSE:GLOP

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