Peregrine Capital Management LLC Trims Stock Position in GasLog Ltd (NYSE:GLOG)

Peregrine Capital Management LLC lessened its position in shares of GasLog Ltd (NYSE:GLOG) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 975,132 shares of the shipping company’s stock after selling 2,938 shares during the quarter. Peregrine Capital Management LLC owned about 1.21% of GasLog worth $14,042,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GLOG. BlackRock Inc. raised its position in shares of GasLog by 3.1% during the 4th quarter. BlackRock Inc. now owns 2,073,518 shares of the shipping company’s stock valued at $34,130,000 after buying an additional 63,212 shares during the period. Geode Capital Management LLC raised its position in GasLog by 17.3% in the fourth quarter. Geode Capital Management LLC now owns 142,921 shares of the shipping company’s stock valued at $2,352,000 after purchasing an additional 21,114 shares during the period. Two Sigma Advisers LP purchased a new stake in GasLog in the fourth quarter valued at approximately $717,000. Squarepoint Ops LLC purchased a new stake in GasLog in the fourth quarter valued at approximately $349,000. Finally, Macquarie Group Ltd. raised its position in GasLog by 6.8% in the fourth quarter. Macquarie Group Ltd. now owns 79,907 shares of the shipping company’s stock valued at $1,316,000 after purchasing an additional 5,090 shares during the period. 41.89% of the stock is currently owned by hedge funds and other institutional investors.

GLOG has been the topic of a number of research analyst reports. Stifel Nicolaus initiated coverage on GENFIT S A/ADR in a research report on Tuesday, June 25th. They issued a “hold” rating on the stock. Zacks Investment Research lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, ValuEngine lowered Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. GasLog presently has an average rating of “Hold” and an average price target of $20.85.

Shares of NYSE GLOG opened at $14.37 on Wednesday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 25.21 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52. GasLog Ltd has a 52-week low of $12.94 and a 52-week high of $23.14. The firm has a 50 day moving average price of $14.08.

GasLog (NYSE:GLOG) last posted its quarterly earnings results on Friday, May 3rd. The shipping company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The business had revenue of $166.55 million during the quarter, compared to the consensus estimate of $152.94 million. GasLog had a net margin of 2.70% and a return on equity of 3.13%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. On average, analysts predict that GasLog Ltd will post 0.59 EPS for the current fiscal year.

GasLog Profile

GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of March 5, 2019, its owned fleet consisted of 34 LNG carriers, including 25 ships on the water and 9 on order.

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Institutional Ownership by Quarter for GasLog (NYSE:GLOG)

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