SCP Investment LP Grows Stock Position in GasLog Ltd (NYSE:GLOG)

SCP Investment LP increased its holdings in shares of GasLog Ltd (NYSE:GLOG) by 250.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 70,000 shares of the shipping company’s stock after purchasing an additional 50,000 shares during the quarter. SCP Investment LP’s holdings in GasLog were worth $1,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLOG. Quantamental Technologies LLC increased its stake in GasLog by 101.7% during the first quarter. Quantamental Technologies LLC now owns 3,833 shares of the shipping company’s stock worth $67,000 after acquiring an additional 1,933 shares during the last quarter. Osborn Williams & Donohoe LLC acquired a new stake in GasLog during the first quarter worth about $131,000. Duff & Phelps Investment Management Co. acquired a new stake in GasLog during the second quarter worth about $144,000. BNP Paribas Arbitrage SA increased its stake in GasLog by 498.5% during the first quarter. BNP Paribas Arbitrage SA now owns 8,481 shares of the shipping company’s stock worth $148,000 after acquiring an additional 7,064 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in GasLog during the first quarter worth about $253,000. Hedge funds and other institutional investors own 41.67% of the company’s stock.

Shares of GLOG stock traded down $0.04 during trading hours on Thursday, reaching $12.64. The company had a trading volume of 1,883 shares, compared to its average volume of 391,761. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.23 and a current ratio of 1.25. GasLog Ltd has a twelve month low of $11.21 and a twelve month high of $23.14. The company has a market capitalization of $1.03 billion, a P/E ratio of 22.19 and a beta of 1.08. The stock’s fifty day simple moving average is $13.66 and its 200 day simple moving average is $15.33.

GasLog (NYSE:GLOG) last posted its earnings results on Thursday, August 1st. The shipping company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. GasLog had a positive return on equity of 3.67% and a negative net margin of 0.74%. The business had revenue of $154.25 million during the quarter, compared to analyst estimates of $153.75 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities analysts expect that GasLog Ltd will post 0.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.75%. GasLog’s dividend payout ratio (DPR) is currently 105.26%.

Several equities research analysts have commented on the company. Pareto Securities upgraded GasLog from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research lowered GasLog from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Stifel Nicolaus upgraded GasLog from a “hold” rating to a “buy” rating and increased their target price for the company from $17.00 to $18.00 in a research note on Tuesday, June 25th. Finally, ValuEngine lowered GasLog from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. GasLog presently has a consensus rating of “Buy” and an average target price of $20.85.

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.

Further Reading: Market Timing

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Institutional Ownership by Quarter for GasLog (NYSE:GLOG)

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