Gilder Gagnon Howe & Co. LLC Takes Position in GasLog LP. (GLOG)
Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of GasLog LP. (NYSE:GLOG) during the second quarter, Holdings Channel reports. The fund purchased 220,961 shares of the shipping company’s stock, valued at approximately $3,370,000.
A number of other hedge funds have also bought and sold shares of the stock. First Mercantile Trust Co. purchased a new stake in shares of GasLog LP. during the first quarter worth about $161,000. Tudor Investment Corp ET AL purchased a new stake in shares of GasLog LP. during the first quarter worth about $182,000. Russell Investments Group Ltd. purchased a new stake in shares of GasLog LP. during the fourth quarter worth about $204,000. Advisory Services Network LLC purchased a new stake in shares of GasLog LP. during the first quarter worth about $196,000. Finally, Capital Management Associates NY purchased a new stake in shares of GasLog LP. during the second quarter worth about $290,000. Institutional investors own 48.82% of the company’s stock.
GasLog LP. (NYSE:GLOG) opened at 16.85 on Thursday. The firm has a 50-day moving average price of $16.52 and a 200-day moving average price of $15.24. The stock’s market cap is $1.36 billion. GasLog LP. has a 12-month low of $12.39 and a 12-month high of $18.35.
GasLog LP. (NYSE:GLOG) last released its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) 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 analyst estimates of $128.14 million. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. Analysts forecast that GasLog LP. will post $0.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Monday, August 14th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, August 10th. GasLog LP.’s dividend payout ratio (DPR) is currently -800.00%.
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A number of analysts have recently issued reports on GLOG shares. BidaskClub upgraded GasLog LP. from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. ValuEngine upgraded GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley upgraded GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 target price for the company in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and set a $20.00 target price on shares of GasLog LP. in a report on Thursday, August 3rd. Finally, Credit Suisse Group started coverage on GasLog LP. in a report on Tuesday, April 25th. They set an “outperform” rating and a $21.00 target price for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.13.
GasLog LP. Company Profile
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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