GCA Investment Management LLC Increases Position in GasLog LP. (GLOG)
GCA Investment Management LLC boosted its stake in shares of GasLog LP. (NYSE:GLOG) by 217.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 572,096 shares of the shipping company’s stock after buying an additional 392,096 shares during the period. GasLog LP. accounts for approximately 1.7% of GCA Investment Management LLC’s investment portfolio, making the stock its 26th largest position. GCA Investment Management LLC’s holdings in GasLog LP. were worth $8,724,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of GLOG. Frontier Capital Management Co. LLC purchased a new stake in shares of GasLog LP. during the first quarter valued at approximately $13,445,000. Pinnacle Associates Ltd. boosted its position in shares of GasLog LP. by 14.1% in the first quarter. Pinnacle Associates Ltd. now owns 44,677 shares of the shipping company’s stock valued at $686,000 after buying an additional 5,504 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of GasLog LP. by 108.0% in the first quarter. Russell Investments Group Ltd. now owns 26,000 shares of the shipping company’s stock valued at $399,000 after buying an additional 13,500 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of GasLog LP. by 112.8% in the first quarter. Nationwide Fund Advisors now owns 57,358 shares of the shipping company’s stock valued at $880,000 after buying an additional 30,406 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of GasLog LP. during the first quarter valued at $196,000. Institutional investors own 48.61% of the company’s stock.
GasLog LP. (GLOG) traded up 1.26% during trading on Friday, hitting $16.10. 247,889 shares of the company’s stock traded hands. The stock’s market cap is $1.29 billion. The company’s 50 day moving average is $16.79 and its 200-day moving average is $15.20. GasLog LP. has a 12 month low of $12.39 and a 12 month high of $18.35.
GasLog LP. (NYSE:GLOG) last issued its quarterly earnings data 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 company had revenue of $129.90 million for the quarter, compared to the consensus estimate of $128.14 million. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. On average, analysts predict that GasLog LP. will post $0.10 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 14th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.56 dividend on an annualized basis and a yield of 3.48%. GasLog LP.’s dividend payout ratio (DPR) is -800.00%.
GLOG has been the topic of several recent research reports. Zacks Investment Research raised shares of GasLog LP. from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine raised shares of GasLog LP. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of GasLog LP. in a research report on Thursday, August 3rd. Credit Suisse Group assumed coverage on shares of GasLog LP. in a research report on Tuesday, April 25th. They issued an “outperform” rating and a $21.00 price target on the stock. Finally, BidaskClub raised shares of GasLog LP. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus 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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