Dynamic Technology Lab Private Ltd trimmed its position in shares of Global Ship Lease, Inc. (NYSE:GSL – Free Report) by 55.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,065 shares of the shipping company’s stock after selling 18,791 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Global Ship Lease were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in GSL. NBC Securities Inc. bought a new stake in Global Ship Lease during the third quarter worth about $240,000. Jump Financial LLC grew its stake in shares of Global Ship Lease by 14.8% during the third quarter. Jump Financial LLC now owns 87,100 shares of the shipping company’s stock valued at $1,597,000 after purchasing an additional 11,207 shares during the last quarter. Metis Global Partners LLC bought a new stake in shares of Global Ship Lease during the third quarter valued at approximately $335,000. Quantbot Technologies LP grew its stake in shares of Global Ship Lease by 63.6% during the third quarter. Quantbot Technologies LP now owns 22,460 shares of the shipping company’s stock valued at $412,000 after purchasing an additional 8,734 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Global Ship Lease by 13.4% during the third quarter. Moors & Cabot Inc. now owns 84,475 shares of the shipping company’s stock valued at $1,549,000 after purchasing an additional 10,000 shares during the last quarter. 50.08% of the stock is owned by institutional investors.
Global Ship Lease Trading Up 3.2 %
GSL opened at $28.64 on Monday. The firm’s fifty day moving average is $22.56 and its two-hundred day moving average is $20.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.24. The firm has a market cap of $1.01 billion, a PE ratio of 3.24 and a beta of 1.46. Global Ship Lease, Inc. has a twelve month low of $16.80 and a twelve month high of $28.70.
Global Ship Lease (NYSE:GSL – Get Free Report) last posted its earnings results on Monday, March 4th. The shipping company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.15. The company had revenue of $178.89 million for the quarter, compared to analyst estimates of $171.54 million. Global Ship Lease had a net margin of 46.30% and a return on equity of 29.44%. During the same period last year, the business posted $2.14 earnings per share. Equities research analysts anticipate that Global Ship Lease, Inc. will post 9.61 EPS for the current year.
Global Ship Lease Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.24%. Global Ship Lease’s payout ratio is 16.95%.
Analysts Set New Price Targets
GSL has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of Global Ship Lease from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. StockNews.com raised shares of Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 21st.
View Our Latest Stock Analysis on Global Ship Lease
Global Ship Lease Profile
Global Ship Lease, Inc, together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 11, 2024, it owned 68 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 375,406 TEU.
Further Reading
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