GasLog LP. (GLOG) Shares Sold by Spark Investment Management LLC
Spark Investment Management LLC decreased its stake in GasLog LP. (NYSE:GLOG) by 67.7% during the second quarter, Holdings Channel reports. The institutional investor owned 69,600 shares of the shipping company’s stock after selling 146,000 shares during the period. Spark Investment Management LLC’s holdings in GasLog LP. were worth $1,061,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Global Advisors LLC raised its position in GasLog LP. by 30.6% in the second quarter. Eagle Global Advisors LLC now owns 4,463,509 shares of the shipping company’s stock worth $68,069,000 after buying an additional 1,046,574 shares during the period. Harbour Capital Advisors LLC raised its position in GasLog LP. by 1,425.0% in the second quarter. Harbour Capital Advisors LLC now owns 22,875 shares of the shipping company’s stock worth $1,500,000 after buying an additional 21,375 shares during the period. Capital Management Associates NY acquired a new position in GasLog LP. during the second quarter worth $290,000. Point72 Asset Management L.P. acquired a new position in GasLog LP. during the first quarter worth $1,194,000. Finally, Point72 Europe London LLP acquired a new position in GasLog LP. during the first quarter worth $3,875,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.
GasLog LP. (GLOG) opened at 16.85 on Thursday. The company’s market capitalization is $1.36 billion. GasLog LP. has a 52-week low of $12.39 and a 52-week high of $18.35. The company’s 50 day moving average is $16.52 and its 200-day moving average is $15.24.
GasLog LP. (NYSE:GLOG) last released its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. The business had revenue of $129.90 million during the quarter, compared to analysts’ expectations of $128.14 million. GasLog LP. had a return on equity of 0.50% and a net margin of 0.70%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) earnings per share. Equities analysts anticipate that GasLog LP. will post $0.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 14th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Thursday, August 10th. GasLog LP.’s payout ratio is -800.00%.
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GLOG has been the topic of a number of recent research reports. BidaskClub lowered shares of GasLog LP. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of GasLog LP. in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine raised shares of GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Credit Suisse Group initiated coverage on shares of GasLog LP. in a research note on Tuesday, April 25th. They issued an “outperform” rating and a $21.00 price objective on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.13.
About GasLog LP.
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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