Cohen Capital Management Inc. lowered its stake in shares of GasLog LP (NYSE:GLOG) by 3.8% during the third quarter, Holdings Channel reports. The fund owned 369,160 shares of the company’s stock after selling 14,455 shares during the period. GasLog comprises about 1.5% of Cohen Capital Management Inc.’s portfolio, making the stock its 27th largest position. Cohen Capital Management Inc.’s holdings in GasLog were worth $5,371,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Advisors LLC raised its stake in shares of GasLog by 1.7% in the second quarter. BlackRock Advisors LLC now owns 13,672 shares of the company’s stock worth $177,000 after buying an additional 231 shares during the period. Bank of New York Mellon Corp raised its stake in shares of GasLog by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 96,654 shares of the company’s stock worth $1,255,000 after buying an additional 574 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of GasLog by 4.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,637 shares of the company’s stock worth $268,000 after buying an additional 808 shares during the period. Advisory Services Network LLC raised its stake in shares of GasLog by 19.9% in the second quarter. Advisory Services Network LLC now owns 10,721 shares of the company’s stock worth $139,000 after buying an additional 1,778 shares during the period. Finally, Cohen & Steers Inc. raised its stake in shares of GasLog by 4.4% in the second quarter. Cohen & Steers Inc. now owns 48,296 shares of the company’s stock worth $627,000 after buying an additional 2,038 shares during the period. 47.85% of the stock is currently owned by institutional investors.
GasLog LP (NYSE:GLOG) traded down 3.76% during trading on Monday, reaching $15.35. The company had a trading volume of 330,526 shares. The firm’s 50-day moving average price is $16.08 and its 200 day moving average price is $13.95. The firm’s market capitalization is $1.24 billion. GasLog LP has a one year low of $5.24 and a one year high of $17.20.
GasLog (NYSE:GLOG) last issued its earnings results on Thursday, November 3rd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. GasLog had a negative return on equity of 0.14% and a negative net margin of 10.57%. The business had revenue of $120.72 million for the quarter, compared to the consensus estimate of $120.73 million. During the same period last year, the business posted ($0.05) EPS. The company’s revenue was up 14.1% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 24th. Stockholders of record on Monday, November 14th were paid a $0.1046 dividend. The ex-dividend date was Wednesday, November 9th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.62%. GasLog’s dividend payout ratio (DPR) is currently -74.67%.
Several brokerages have issued reports on GLOG. Jefferies Group restated a “buy” rating on shares of GasLog in a research note on Monday, August 22nd. Zacks Investment Research lowered GasLog from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Seaport Global Securities initiated coverage on GasLog in a research note on Wednesday, November 23rd. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, Citigroup Inc. boosted their price objective on GasLog from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $15.00.
GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. The Company is provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services.