American Asset Management Inc. Buys 2,000 Shares of GasLog Partners LP Unit (GLOP)

American Asset Management Inc. grew its stake in GasLog Partners LP Unit (NYSE:GLOP) by 9.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,250 shares of the shipping company’s stock after purchasing an additional 2,000 shares during the quarter. American Asset Management Inc. owned approximately 0.06% of GasLog Partners LP Unit worth $526,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Quantamental Technologies LLC bought a new stake in shares of GasLog Partners LP Unit in the 4th quarter valued at about $36,000. SeaBridge Investment Advisors LLC raised its position in GasLog Partners LP Unit by 100.0% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 2,000 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. First Republic Investment Management Inc. bought a new position in GasLog Partners LP Unit during the 3rd quarter valued at approximately $206,000. Paloma Partners Management Co bought a new position in GasLog Partners LP Unit during the 4th quarter valued at approximately $248,000. Finally, Advisor Group Inc. raised its position in GasLog Partners LP Unit by 24.4% during the 4th quarter. Advisor Group Inc. now owns 23,522 shares of the shipping company’s stock valued at $466,000 after purchasing an additional 4,616 shares during the last quarter. Institutional investors and hedge funds own 44.62% of the company’s stock.

Shares of GLOP stock traded up $0.19 during midday trading on Monday, reaching $22.34. 1,341 shares of the stock were exchanged, compared to its average volume of 108,375. GasLog Partners LP Unit has a 1 year low of $17.97 and a 1 year high of $25.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.33 and a current ratio of 0.34. The company has a market capitalization of $903.89 million, a price-to-earnings ratio of 12.63 and a beta of 1.25.

GasLog Partners LP Unit (NYSE:GLOP) last posted its earnings results on Wednesday, January 30th. The shipping company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). GasLog Partners LP Unit had a return on equity of 11.87% and a net margin of 30.10%. The firm had revenue of $86.85 million for the quarter, compared to analysts’ expectations of $88.68 million. During the same quarter last year, the company posted $0.61 EPS. The firm’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that GasLog Partners LP Unit will post 1.92 earnings per share for the current year.

Separately, Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $27.36.

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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 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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