Kayne Anderson Capital Advisors LP decreased its position in GasLog Ltd (NYSE:GLOG) by 61.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,350 shares of the shipping company’s stock after selling 305,348 shares during the period. Kayne Anderson Capital Advisors LP owned approximately 0.24% of GasLog worth $2,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Cohen Capital Management Inc. raised its stake in GasLog by 0.4% in the 2nd quarter. Cohen Capital Management Inc. now owns 331,683 shares of the shipping company’s stock worth $4,776,000 after acquiring an additional 1,300 shares during the last quarter. Renaissance Group LLC raised its stake in shares of GasLog by 3.3% during the 3rd quarter. Renaissance Group LLC now owns 43,046 shares of the shipping company’s stock valued at $553,000 after buying an additional 1,370 shares during the last quarter. Quantamental Technologies LLC raised its stake in shares of GasLog by 41.8% during the 2nd quarter. Quantamental Technologies LLC now owns 5,434 shares of the shipping company’s stock valued at $78,000 after buying an additional 1,601 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of GasLog by 8.6% during the 2nd quarter. First Mercantile Trust Co. now owns 21,537 shares of the shipping company’s stock valued at $310,000 after buying an additional 1,700 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of GasLog by 2.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 83,879 shares of the shipping company’s stock valued at $1,208,000 after buying an additional 2,162 shares during the last quarter. Institutional investors own 40.09% of the company’s stock.
Shares of NYSE GLOG traded down $0.45 during trading on Friday, reaching $10.82. 782,449 shares of the company traded hands, compared to its average volume of 375,958. The firm’s fifty day simple moving average is $13.60 and its 200 day simple moving average is $13.91. The stock has a market cap of $1.16 billion, a P/E ratio of 18.98 and a beta of 1.12. GasLog Ltd has a 12-month low of $10.81 and a 12-month high of $21.85. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.63.
GasLog (NYSE:GLOG) last released its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). GasLog had a negative net margin of 0.74% and a positive return on equity of 3.67%. The company had revenue of $165.59 million for the quarter, compared to analysts’ expectations of $164.49 million. During the same quarter in the previous year, the business posted $0.11 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts expect that GasLog Ltd will post 0.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 5.55%. GasLog’s dividend payout ratio is presently 105.26%.
A number of research firms have weighed in on GLOG. ValuEngine upgraded GasLog from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Pareto Securities upgraded GasLog from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research lowered GasLog from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. GasLog presently has an average rating of “Buy” and an average price target of $17.67.
GasLog Company 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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