8,931 Shares in GasLog Partners LP Unit (GLOP) Acquired by Captrust Financial Advisors

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Captrust Financial Advisors purchased a new stake in shares of GasLog Partners LP Unit (NYSE:GLOP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,931 shares of the shipping company’s stock, valued at approximately $213,000.

A number of other institutional investors have also made changes to their positions in the business. American Asset Management Inc. acquired a new stake in GasLog Partners LP Unit during the 2nd quarter valued at $393,000. Janney Montgomery Scott LLC lifted its holdings in GasLog Partners LP Unit by 13.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 28,179 shares of the shipping company’s stock valued at $672,000 after purchasing an additional 3,269 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in GasLog Partners LP Unit by 5.7% during the 1st quarter. Guggenheim Capital LLC now owns 166,004 shares of the shipping company’s stock valued at $3,868,000 after purchasing an additional 8,888 shares during the last quarter. Barclays PLC lifted its holdings in GasLog Partners LP Unit by 54.1% during the 1st quarter. Barclays PLC now owns 17,951 shares of the shipping company’s stock valued at $418,000 after purchasing an additional 6,301 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in GasLog Partners LP Unit by 27.8% during the 1st quarter. Stifel Financial Corp now owns 38,763 shares of the shipping company’s stock valued at $902,000 after purchasing an additional 8,428 shares during the last quarter. 40.10% of the stock is owned by institutional investors and hedge funds.

GLOP opened at $24.10 on Friday. GasLog Partners LP Unit has a fifty-two week low of $21.85 and a fifty-two week high of $25.60. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.04 and a quick ratio of 1.01. The firm has a market cap of $984.05 million, a PE ratio of 11.53 and a beta of 1.30.

GasLog Partners LP Unit (NYSE:GLOP) last posted its earnings results on Thursday, July 26th. The shipping company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. GasLog Partners LP Unit had a return on equity of 13.26% and a net margin of 33.85%. The company had revenue of $76.90 million during the quarter, compared to the consensus estimate of $74.87 million. During the same quarter last year, the firm earned $0.45 earnings per share. The company’s revenue was down 10.0% on a year-over-year basis. sell-side analysts predict that GasLog Partners LP Unit will post 1.67 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 10th. Stockholders of record on Monday, August 6th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend was Friday, August 3rd. GasLog Partners LP Unit’s dividend payout ratio is currently 101.44%.

A number of equities research analysts have recently weighed in on the company. Berenberg Bank assumed coverage on GasLog Partners LP Unit in a report on Thursday. They set a “buy” rating and a $29.00 target price for the company. BTIG Research assumed coverage on GasLog Partners LP Unit in a report on Wednesday, July 18th. They set a “buy” rating and a $30.00 target price for the company. ValuEngine downgraded GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. B. Riley assumed coverage on GasLog Partners LP Unit in a report on Thursday, May 17th. They set a “hold” rating and a $26.00 target price for the company. Finally, Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.13.

About GasLog Partners LP Unit

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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