Spire Wealth Management Increases Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Spire Wealth Management increased its holdings in shares of Global Net Lease, Inc. (NYSE:GNLFree Report) by 221.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,299 shares of the financial services provider’s stock after buying an additional 2,274 shares during the period. Spire Wealth Management’s holdings in Global Net Lease were worth $32,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in shares of Global Net Lease by 232.8% during the first quarter. Tower Research Capital LLC TRC now owns 2,702 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,890 shares during the period. Gradient Investments LLC raised its position in Global Net Lease by 98.9% in the 3rd quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,463 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Global Net Lease in the 3rd quarter valued at about $31,000. Wolff Wiese Magana LLC purchased a new position in shares of Global Net Lease in the 3rd quarter valued at about $34,000. Finally, IFP Advisors Inc grew its position in shares of Global Net Lease by 982.8% during the third quarter. IFP Advisors Inc now owns 4,797 shares of the financial services provider’s stock worth $46,000 after buying an additional 4,354 shares in the last quarter. 75.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $8.90, for a total value of $43,049.30. Following the transaction, the insider now directly owns 3,861,472 shares in the company, valued at $34,367,100.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Nicholas S. Schorsch sold 150,000 shares of Global Net Lease stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $8.90, for a total transaction of $1,335,000.00. Following the sale, the insider now owns 4,255,042 shares in the company, valued at $37,869,873.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Nicholas S. Schorsch sold 4,837 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $8.90, for a total value of $43,049.30. Following the completion of the sale, the insider now directly owns 3,861,472 shares of the company’s stock, valued at $34,367,100.80. The disclosure for this sale can be found here. Insiders sold a total of 571,978 shares of company stock worth $5,362,151 over the last 90 days. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Global Net Lease to a “sell” rating in a research note on Monday, November 27th.

Check Out Our Latest Analysis on Global Net Lease

Global Net Lease Stock Performance

NYSE:GNL opened at $8.26 on Tuesday. The firm has a market capitalization of $1.90 billion, a PE ratio of -5.03, a price-to-earnings-growth ratio of 0.87 and a beta of 1.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.05 and a quick ratio of 0.05. The business’s fifty day moving average price is $9.19 and its 200 day moving average price is $9.45. Global Net Lease, Inc. has a 12 month low of $7.56 and a 12 month high of $14.68.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, January 12th were given a dividend of $0.354 per share. This represents a $1.42 annualized dividend and a dividend yield of 17.15%. The ex-dividend date of this dividend was Thursday, January 11th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio (DPR) is -86.59%.

About Global Net Lease

(Free Report)

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

Further Reading

Want to see what other hedge funds are holding GNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Net Lease, Inc. (NYSE:GNLFree Report).

Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

Receive News & Ratings for Global Net Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Net Lease and related companies with MarketBeat.com's FREE daily email newsletter.