GasLog Partners LP Unit (NYSE:GLOP) Shares Bought by Regent Investment Management LLC

Regent Investment Management LLC boosted its position in shares of GasLog Partners LP Unit (NYSE:GLOP) by 211.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,423 shares of the shipping company’s stock after acquiring an additional 70,923 shares during the period. Regent Investment Management LLC owned about 0.21% of GasLog Partners LP Unit worth $428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLOP. Royal Bank of Canada lifted its holdings in shares of GasLog Partners LP Unit by 32.2% during the 1st quarter. Royal Bank of Canada now owns 25,624 shares of the shipping company’s stock worth $57,000 after acquiring an additional 6,238 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of GasLog Partners LP Unit by 114.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,800 shares of the shipping company’s stock worth $34,000 after acquiring an additional 7,900 shares during the period. First Trust Advisors LP lifted its holdings in shares of GasLog Partners LP Unit by 6.7% during the 1st quarter. First Trust Advisors LP now owns 227,900 shares of the shipping company’s stock worth $5,157,000 after acquiring an additional 14,258 shares during the period. Engineers Gate Manager LP purchased a new position in shares of GasLog Partners LP Unit during the 1st quarter worth about $42,000. Finally, BlackRock Inc. purchased a new position in shares of GasLog Partners LP Unit during the 1st quarter worth about $42,000. Institutional investors own 18.75% of the company’s stock.

Shares of NYSE:GLOP opened at $3.82 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 2.06. GasLog Partners LP Unit has a 52-week low of $1.51 and a 52-week high of $21.89. The company has a 50 day moving average of $4.10 and a two-hundred day moving average of $5.13. The company has a market capitalization of $192.96 million, a price-to-earnings ratio of 2.51 and a beta of 3.38.

GasLog Partners LP Unit (NYSE:GLOP) last issued its quarterly earnings data on Thursday, May 7th. The shipping company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. GasLog Partners LP Unit had a negative net margin of 13.61% and a positive return on equity of 13.15%. The company had revenue of $91.35 million during the quarter, compared to the consensus estimate of $83.79 million. On average, equities analysts anticipate that GasLog Partners LP Unit will post 1.16 earnings per share for the current year.

Several research analysts recently commented on the stock. Citigroup cut their price target on shares of GasLog Partners LP Unit from $5.50 to $4.25 and set a “neutral” rating on the stock in a report on Friday, July 17th. ValuEngine upgraded shares of GasLog Partners LP Unit from a “strong sell” rating to a “sell” rating in a report on Thursday, July 2nd. Zacks Investment Research lowered shares of GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a report on Thursday, July 23rd. Stifel Nicolaus raised their price target on shares of GasLog Partners LP Unit from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, May 8th. Finally, BTIG Research lowered shares of GasLog Partners LP Unit from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a report on Thursday, April 30th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. GasLog Partners LP Unit currently has an average rating of “Hold” and an average price target of $9.04.

GasLog Partners LP Unit Profile

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. 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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