GasLog Partners LP Unit (NYSE:GLOP) Short Interest Up 8.9% in June

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GasLog Partners LP Unit (NYSE:GLOP) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 621,000 shares, an increase of 8.9% from the May 30th total of 570,200 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 161,100 shares, the days-to-cover ratio is presently 3.9 days.

Several hedge funds and other institutional investors have recently modified their holdings of GLOP. Castle Rock Wealth Management LLC lifted its stake in shares of GasLog Partners LP Unit by 25.4% in the fourth quarter. Castle Rock Wealth Management LLC now owns 33,664 shares of the shipping company’s stock worth $778,000 after buying an additional 6,822 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of GasLog Partners LP Unit by 24.4% in the fourth quarter. Advisor Group Inc. now owns 23,522 shares of the shipping company’s stock worth $466,000 after buying an additional 4,616 shares in the last quarter. Citigroup Inc. lifted its stake in shares of GasLog Partners LP Unit by 106.2% in the fourth quarter. Citigroup Inc. now owns 27,045 shares of the shipping company’s stock worth $535,000 after buying an additional 13,930 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of GasLog Partners LP Unit in the fourth quarter worth approximately $1,262,000. Finally, Paloma Partners Management Co bought a new position in shares of GasLog Partners LP Unit in the fourth quarter worth approximately $248,000. Hedge funds and other institutional investors own 43.51% of the company’s stock.

A number of equities research analysts have weighed in on GLOP shares. Stifel Nicolaus started coverage on shares of GENFIT S A/ADR in a report on Tuesday, June 25th. They issued a “hold” rating on the stock. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Morgan Stanley set a $60.00 price objective on shares of Berry Global Group and gave the stock a “hold” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.71.

GLOP traded up $0.08 during midday trading on Tuesday, reaching $21.71. The company’s stock had a trading volume of 1,264 shares, compared to its average volume of 110,467. The company has a market capitalization of $888.88 million, a price-to-earnings ratio of 12.30 and a beta of 0.96. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.12 and a quick ratio of 1.08. GasLog Partners LP Unit has a 1 year low of $17.97 and a 1 year high of $25.99. The company’s 50-day simple moving average is $21.21.

GasLog Partners LP Unit (NYSE:GLOP) last announced its quarterly earnings data on Thursday, April 25th. The shipping company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.15). The business had revenue of $86.30 million during the quarter, compared to analysts’ expectations of $86.83 million. GasLog Partners LP Unit had a return on equity of 11.11% and a net margin of 25.75%. GasLog Partners LP Unit’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. Sell-side analysts anticipate that GasLog Partners LP Unit will post 1.82 earnings per share for the current year.

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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