Raymond James & Associates grew its position in GasLog Partners LP Unit (NYSE:GLOP) by 45.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,781 shares of the shipping company’s stock after buying an additional 12,714 shares during the period. Raymond James & Associates owned 0.10% of GasLog Partners LP Unit worth $973,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of GasLog Partners LP Unit during the 1st quarter worth approximately $129,000. Captrust Financial Advisors purchased a new position in shares of GasLog Partners LP Unit during the 2nd quarter worth approximately $213,000. Citigroup Inc. boosted its position in shares of GasLog Partners LP Unit by 76.8% during the 1st quarter. Citigroup Inc. now owns 10,872 shares of the shipping company’s stock worth $253,000 after purchasing an additional 4,721 shares during the period. American Asset Management Inc. purchased a new position in shares of GasLog Partners LP Unit during the 2nd quarter worth approximately $393,000. Finally, Barclays PLC boosted its position in shares of GasLog Partners LP Unit by 54.1% during the 1st quarter. Barclays PLC now owns 17,951 shares of the shipping company’s stock worth $418,000 after purchasing an additional 6,301 shares during the period. 40.10% of the stock is owned by institutional investors and hedge funds.

Shares of GLOP stock opened at $25.04 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.04 and a quick ratio of 1.01. GasLog Partners LP Unit has a 52 week low of $21.85 and a 52 week high of $25.60. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.98 and a beta of 1.30.

GasLog Partners LP Unit (NYSE:GLOP) last issued its quarterly earnings results on Thursday, July 26th. The shipping company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. GasLog Partners LP Unit had a net margin of 33.85% and a return on equity of 13.26%. The company had revenue of $76.90 million during the quarter, compared to analysts’ expectations of $74.87 million. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was down 10.0% compared to the same quarter last year. As a group, equities analysts forecast that GasLog Partners LP Unit will post 1.7 EPS for the current fiscal year.

A number of equities analysts recently weighed in on GLOP shares. B. Riley started coverage on shares of GasLog Partners LP Unit in a research report on Wednesday, September 5th. They set a “neutral” rating and a $27.00 price objective for the company. Zacks Investment Research cut shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. BTIG Research started coverage on shares of GasLog Partners LP Unit in a research report on Wednesday, July 18th. They set a “buy” rating and a $30.00 price objective for the company. Berenberg Bank started coverage on shares of GasLog Partners LP Unit in a research report on Thursday, September 6th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Deutsche Bank started coverage on shares of GasLog Partners LP Unit in a research report on Wednesday, October 10th. They set a “hold” rating and a $25.00 price objective for the company. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. GasLog Partners LP Unit has a consensus rating of “Hold” and an average price target of $27.13.

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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Institutional Ownership by Quarter for GasLog Partners LP Unit (NYSE:GLOP)

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