Arrow Investment Advisors LLC raised its stake in GasLog Partners LP Unit (NYSE:GLOP) by 11.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 20,050 shares of the shipping company’s stock after buying an additional 2,106 shares during the quarter. Arrow Investment Advisors LLC’s holdings in GasLog Partners LP Unit were worth $381,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. American Asset Management Inc. increased its holdings in GasLog Partners LP Unit by 3.9% in the third quarter. American Asset Management Inc. now owns 24,050 shares of the shipping company’s stock valued at $456,000 after buying an additional 900 shares in the last quarter. Barnett & Company Inc. increased its holdings in GasLog Partners LP Unit by 45.6% in the second quarter. Barnett & Company Inc. now owns 6,390 shares of the shipping company’s stock valued at $136,000 after buying an additional 2,000 shares in the last quarter. Van ECK Associates Corp increased its holdings in GasLog Partners LP Unit by 2.3% in the second quarter. Van ECK Associates Corp now owns 151,799 shares of the shipping company’s stock valued at $3,223,000 after buying an additional 3,376 shares in the last quarter. NEXT Financial Group Inc purchased a new position in GasLog Partners LP Unit in the second quarter valued at about $207,000. Finally, Altshuler Shaham Ltd increased its holdings in GasLog Partners LP Unit by 16.8% in the second quarter. Altshuler Shaham Ltd now owns 88,374 shares of the shipping company’s stock valued at $2,132,000 after buying an additional 12,687 shares in the last quarter. 36.59% of the stock is owned by institutional investors.

GLOP has been the subject of a number of research analyst reports. TheStreet cut shares of GasLog Partners LP Unit from a “b-” rating to a “c” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a report on Friday, October 18th. Finally, Barclays reaffirmed a “hold” rating and issued a $22.00 target price on shares of GasLog Partners LP Unit in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.67.

Shares of GasLog Partners LP Unit stock opened at $18.10 on Friday. The company has a 50-day moving average of $19.52 and a two-hundred day moving average of $20.27. The stock has a market cap of $1.03 billion, a PE ratio of 10.28 and a beta of 0.99. GasLog Partners LP Unit has a 12-month low of $17.83 and a 12-month high of $24.77. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.66.

GasLog Partners LP Unit (NYSE:GLOP) last released its quarterly earnings results on Wednesday, October 30th. The shipping company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $96.49 million during the quarter, compared to analyst estimates of $96.30 million. GasLog Partners LP Unit had a net margin of 22.63% and a return on equity of 11.10%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. On average, sell-side analysts forecast that GasLog Partners LP Unit will post 1.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, November 8th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. This represents a $2.20 annualized dividend and a dividend yield of 12.15%. GasLog Partners LP Unit’s dividend payout ratio is currently 125.00%.

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

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