GasLog Partners’ Quiet Period Will Expire Tomorrow (NYSE:GLOP)

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GasLog Partners’ (NYSE:GLOP) quiet period will expire on Monday, June 16th. GasLog Partners had issued 8,400,000 shares in its initial public offering on May 7th, American Banking & Market News reports. The total size of the offering was $176,400,000 based on an initial share price of $21.00. During GasLog Partners’ quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Shares of GasLog Partners (NYSE:GLOP) traded up 0.78% during mid-day trading on Friday, hitting $29.83. 46,994 shares of the company’s stock traded hands. GasLog Partners has a 52-week low of $25.50 and a 52-week high of $30.26. The stock’s 50-day moving average is $27.45 and its 200-day moving average is $27.45. The company has a market cap of $293.0 million and a P/E ratio of 0.04.

GasLog Partners LP is a limited partnership. The Company is formed to own, operate and acquire liquefied natural gas (NYSE:GLOP), carriers engaged in LNG transportation under long-term charters.

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