GasLog Partners LP Unit (NYSE:GLOP) announced its quarterly earnings results on Wednesday, January 30th. The shipping company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16), Fidelity Earnings reports. The business had revenue of $86.85 million during the quarter, compared to analysts’ expectations of $88.68 million. GasLog Partners LP Unit had a return on equity of 11.87% and a net margin of 30.10%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS.
Shares of NYSE:GLOP opened at $22.47 on Thursday. The stock has a market capitalization of $923.35 million, a price-to-earnings ratio of 12.77 and a beta of 1.26. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.33 and a current ratio of 0.34. GasLog Partners LP Unit has a 52-week low of $17.97 and a 52-week high of $25.99.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 13th. Shareholders of record on Friday, February 8th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 9.79%. This is a boost from GasLog Partners LP Unit’s previous quarterly dividend of $0.53. The ex-dividend date was Thursday, February 7th. GasLog Partners LP Unit’s dividend payout ratio (DPR) is presently 125.00%.
A number of large investors have recently made changes to their positions in GLOP. Quantamental Technologies LLC purchased a new position in shares of GasLog Partners LP Unit during the 4th quarter valued at about $36,000. SeaBridge Investment Advisors LLC lifted its position in shares of 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 buying an additional 1,000 shares in the last quarter. Barnett & Company Inc. lifted its position in shares of GasLog Partners LP Unit by 109.8% during the 3rd quarter. Barnett & Company Inc. now owns 4,720 shares of the shipping company’s stock valued at $118,000 after buying an additional 2,470 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of GasLog Partners LP Unit during the 3rd quarter valued at about $206,000. Finally, California Public Employees Retirement System purchased a new position in shares of GasLog Partners LP Unit during the 2nd quarter valued at about $322,000. 44.69% of the stock is currently owned by institutional investors and hedge funds.
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 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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