During December, there was a significant reduction in the number of short positions in GasLog Partners LP (NYSE: GLOP). As of December 15, there were 89,500 shares borrowed, which was a decrease from 171,500 shares as of November 30, representing a decrease of 47.8%. The number of borrowed shares also decreased from 171,500 as of December 15. The current short-interest ratio is 0.2 days, based on an average daily volume of 398,100 shares. This number was arrived at using the data. Short sales of the company’s stock account for approximately 0.3% of the total number of shares outstanding.
The most recent quarterly earnings report for GasLog Partners, traded on the NYSE under the symbol GLOP, was made public on October 27. The shipping company reported earnings per share for the quarter of $0.63, which was $0.36 higher than the estimate considered by analysts as a consensus. The revenue for the quarter came in at $95.68 million, which was significantly higher than the $75.19 million that analysts had anticipated the quarter would bring in. As a result of their hard work, GasLog Partners was able to generate a net margin of 0.19% and an 18.83% return on equity. Industry professionals anticipate that one share of GasLog Partners’ common stock will result in earnings of $2.14 this year.
When trading started on Friday, the price of one share of GLOP was $6.58 per share. The debt-to-equity ratio is calculated to be 1.31, the current ratio is calculated to be 1.29, and the quick ratio is calculated to be 1.27. During the previous year, GasLog Partners’ share price ranged from a low of $3.24 to a high of $8.55. The current price of the company’s shares is $8.55. The company’s market value is currently estimated to be $347.40 million, while its PE ratio stands at -16.45 and its beta stands at 2.33. Over the last 50 days, the moving averages for the company are $7.63, and over the last 200 days, they are $6.45.
During the previous few months, hedge funds have either increased or decreased the amount of the company’s stock that they hold. Dorsey Wright & Associates increased its holdings in GasLog Partners during the second quarter by purchasing additional shares for approximately $37,000. This was done to diversify the firm’s investments. Citigroup Inc. invested approximately $38,000 more into GasLog Partners during the first three months of 2018 to increase its company holdings. Atria Wealth Solutions Inc. made a new investment in GasLog Partners with a total value of $58,000 during the first three months of 2018. Navellier & Associates, Inc. contributed a total of $58,000 to a new investment made with GasLog Partners during the second quarter of the fiscal year.
Last but not least, during the third quarter, Janney Montgomery Scott LLC increased the percentage of GasLog Partners that it owned by 17.7%. This certainly should not be considered the least important development. After purchasing an additional 2,175 shares during the most recent quarter, Janney Montgomery Scott LLC now holds 14,468 shares of the shipping company’s stock, which is $75,000. This brings the total number of shares that the investment firm owns in the company to 75,000. To the tune of 12.32% of the total shares outstanding, hedge funds and other types of institutional investors hold their positions.
In addition, the company recently announced and paid out a quarterly dividend, which was done so on November 10 of this year. The dividend was paid out to shareholders. On Monday, November 7, shareholders of record were each given a dividend payment equal to $0.01 per share. This payment was made available. This payment will be deducted from customer accounts on Friday, November 4, the date that has been determined. When calculated on an annualized basis, this results in a dividend of $0.04 per share and a yield of 0.61% for the investment. The dividend payout ratio for GasLog Partners has recently dropped to a ten percent level in the negative.
A separate piece of news revealed that a research study released by StockNews.com on Friday, October 28, upgraded shares of GasLog Partners from a “buy” rating to a “strong-buy” recommendation. The research study was conducted on the company’s performance over the past three months.
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