Jump Financial LLC Acquires New Position in Global Net Lease, Inc. (NYSE:GNL)

Jump Financial LLC acquired a new stake in Global Net Lease, Inc. (NYSE:GNL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,500 shares of the financial services provider’s stock, valued at approximately $99,000.

A number of other hedge funds have also recently added to or reduced their stakes in GNL. Barclays PLC lifted its position in Global Net Lease by 312.3% in the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock valued at $2,859,000 after purchasing an additional 257,310 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at approximately $67,000. Virtu Financial LLC acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at approximately $114,000. JPMorgan Chase & Co. lifted its position in shares of Global Net Lease by 31.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider’s stock valued at $5,155,000 after acquiring an additional 147,803 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in shares of Global Net Lease by 8.6% during the 4th quarter. Arkadios Wealth Advisors now owns 59,945 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 4,724 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Stock Performance

NYSE GNL opened at $7.57 on Tuesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $9.11. The business has a fifty day moving average of $7.67 and a 200-day moving average of $7.51. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -8.05 and a beta of 1.19.

Global Net Lease Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date was Friday, April 11th. Global Net Lease’s payout ratio is currently -100.00%.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on shares of Global Net Lease in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $8.00 price target for the company. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.00.

Insider Activity at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the sale, the insider now owns 1,629,073 shares of the company’s stock, valued at $12,951,130.35. This trade represents a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.