GasLog Partners LP Unit (NYSE:GLOP) issued its quarterly earnings results on Thursday. The shipping company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.15), Briefing.com reports. GasLog Partners LP Unit had a return on equity of 11.87% and a net margin of 30.10%. The firm had revenue of $86.30 million for the quarter, compared to the consensus estimate of $86.83 million. During the same period last year, the firm earned $0.64 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis.
Shares of NYSE GLOP traded down $0.09 during midday trading on Friday, reaching $20.81. The company had a trading volume of 184,072 shares, compared to its average volume of 175,346. GasLog Partners LP Unit has a one year low of $17.97 and a one year high of $25.99. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 0.97. The firm has a market cap of $856.94 million, a PE ratio of 11.82 and a beta of 1.25.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Monday, May 6th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date of this dividend is Friday, May 3rd. GasLog Partners LP Unit’s dividend payout ratio (DPR) is presently 125.00%.
Several equities research analysts have issued reports on the company. Morgan Stanley lowered GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $23.00 to $18.00 in a research note on Tuesday, April 16th. Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.14.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in shares of GasLog Partners LP Unit in the 4th quarter valued at about $36,000. SeaBridge Investment Advisors LLC increased its holdings in GasLog Partners LP Unit by 100.0% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 2,000 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the period. First Republic Investment Management Inc. purchased a new position in GasLog Partners LP Unit during the 3rd quarter valued at about $206,000. Paloma Partners Management Co purchased a new position in GasLog Partners LP Unit during the 4th quarter valued at about $248,000. Finally, American Asset Management Inc. increased its holdings in GasLog Partners LP Unit by 2.6% during the 4th quarter. American Asset Management Inc. now owns 21,250 shares of the shipping company’s stock valued at $421,000 after purchasing an additional 534 shares during the period. 44.62% of the stock is owned by institutional investors.
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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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