BB&T Securities LLC raised its stake in shares of GasLog Ltd (NYSE:GLOG) by 14.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,900 shares of the shipping company’s stock after buying an additional 5,800 shares during the period. BB&T Securities LLC owned 0.06% of GasLog worth $578,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of GasLog by 33.3% in the second quarter. Invesco Ltd. now owns 2,795,689 shares of the shipping company’s stock worth $40,259,000 after purchasing an additional 698,563 shares during the period. Nuveen Asset Management LLC bought a new position in shares of GasLog in the second quarter worth about $5,099,000. Morgan Stanley increased its stake in shares of GasLog by 154.2% in the second quarter. Morgan Stanley now owns 576,924 shares of the shipping company’s stock worth $8,308,000 after purchasing an additional 349,969 shares during the period. Cohen & Steers Inc. increased its stake in shares of GasLog by 145.9% in the second quarter. Cohen & Steers Inc. now owns 535,785 shares of the shipping company’s stock worth $7,715,000 after purchasing an additional 317,877 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in shares of GasLog by 9.1% in the second quarter. Eagle Global Advisors LLC now owns 3,429,616 shares of the shipping company’s stock worth $49,386,000 after purchasing an additional 286,647 shares during the period. Institutional investors own 39.81% of the company’s stock.
GLOG stock traded up $0.18 during trading on Wednesday, reaching $9.27. 342,400 shares of the stock were exchanged, compared to its average volume of 396,264. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The stock has a 50 day simple moving average of $11.80 and a 200-day simple moving average of $13.15. The company has a market capitalization of $756.86 million, a P/E ratio of 16.26 and a beta of 1.04. GasLog Ltd has a twelve month low of $8.68 and a twelve month high of $20.69.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend was Thursday, November 14th. GasLog’s payout ratio is 105.26%.
GLOG has been the topic of a number of recent analyst reports. BTIG Research dropped their price objective on GasLog to $16.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. ValuEngine raised GasLog from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Fearnley Fonds downgraded GasLog from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Zacks Investment Research downgraded GasLog from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.25.
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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