Gladstone Institutional Advisory LLC Sells 8,400 Shares of GasLog Partners LP (NYSE:GLOP)

Posted by Defense World Staff on Apr 22nd, 2023

Gladstone Institutional Advisory LLC decreased its position in shares of GasLog Partners LP (NYSE:GLOP – Get Rating) by 44.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,600 shares of the shipping company’s stock after selling 8,400 shares during the period. Gladstone Institutional Advisory LLC’s holdings in GasLog Partners were worth $71,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLOP. Renaissance Technologies LLC grew its holdings in shares of GasLog Partners by 46.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,021,311 shares of the shipping company’s stock worth $5,668,000 after acquiring an additional 325,900 shares during the period. UBS Group AG lifted its position in GasLog Partners by 401.9% during the 1st quarter. UBS Group AG now owns 80,227 shares of the shipping company’s stock valued at $462,000 after acquiring an additional 64,242 shares during the period. Goldman Sachs Group Inc. bought a new stake in GasLog Partners during the first quarter worth about $314,000. Belvedere Trading LLC bought a new stake in GasLog Partners during the third quarter worth about $260,000. Finally, Navellier & Associates Inc. boosted its stake in GasLog Partners by 253.7% during the third quarter. Navellier & Associates Inc. now owns 36,869 shares of the shipping company’s stock worth $190,000 after acquiring an additional 26,446 shares in the last quarter. Hedge funds and other institutional investors own 12.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com assumed coverage on shares of GasLog Partners in a research note on Thursday. They set a “buy” rating on the stock. TheStreet raised shares of GasLog Partners from a “c” rating to a “b-” rating in a research note on Friday, January 27th.

GasLog Partners Stock Performance

Shares of NYSE GLOP opened at $8.48 on Friday. The firm’s 50 day moving average price is $8.56 and its 200-day moving average price is $7.79. The company has a market cap of $447.74 million, a PE ratio of 4.87 and a beta of 2.40. GasLog Partners LP has a 52-week low of $4.30 and a 52-week high of $9.27. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.35 and a current ratio of 1.37.

GasLog Partners (NYSE:GLOP – Get Rating) last issued its earnings results on Thursday, January 26th. The shipping company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $104.97 million for the quarter, compared to the consensus estimate of $98.30 million. GasLog Partners had a net margin of 30.19% and a return on equity of 20.69%. On average, equities research analysts expect that GasLog Partners LP will post 2.21 EPS for the current fiscal year.

GasLog Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 9th. Investors of record on Monday, February 6th were given a dividend of $0.01 per share. The ex-dividend date was Friday, February 3rd. This represents a $0.04 dividend on an annualized basis and a yield of 0.47%. GasLog Partners’s dividend payout ratio (DPR) is 2.30%.

About GasLog Partners

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GasLog Partners LP engages in the operation and acquisition of liquefied natural gas carriers. It owns bareboat fleet of LNG carriers including tri-fuel diesel electric engine propulsion and stream vessels, and ships which operates under long-term time charters. The company was founded on January 23, 2014 and is headquartered in Piraeus, Greece.