GasLog Partners (GLOP) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS
GasLog Partners (NYSE:GLOP) posted its quarterly earnings data on Friday. The shipping company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.10, Morningstar.com reports. The business had revenue of $77.06 million during the quarter, compared to the consensus estimate of $76.68 million. GasLog Partners had a net margin of 33.73% and a return on equity of 12.39%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share.
Shares of GasLog Partners stock opened at $23.40 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. GasLog Partners has a 52 week low of $21.80 and a 52 week high of $25.55. The stock has a market capitalization of $967.65, a price-to-earnings ratio of 11.20 and a beta of 1.32.
Institutional investors have recently modified their holdings of the business. Royce & Associates LP bought a new stake in GasLog Partners in the fourth quarter worth about $4,965,000. Essex Financial Services Inc. bought a new stake in GasLog Partners in the fourth quarter worth about $208,000. Global X Management Co. LLC raised its position in GasLog Partners by 8.7% in the fourth quarter. Global X Management Co. LLC now owns 535,460 shares of the shipping company’s stock worth $13,253,000 after acquiring an additional 43,021 shares in the last quarter. Bramshill Investments LLC bought a new stake in GasLog Partners in the fourth quarter worth about $1,744,000. Finally, M&T Bank Corp bought a new stake in GasLog Partners in the fourth quarter worth about $848,000. Hedge funds and other institutional investors own 41.24% of the company’s stock.
About GasLog Partners
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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