GSA Capital Partners LLP Has $1.75 Million Stock Position in Global Ship Lease, Inc. $GSL

GSA Capital Partners LLP boosted its stake in shares of Global Ship Lease, Inc. (NYSE:GSL) by 39.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 50,016 shares of the shipping company’s stock after buying an additional 14,214 shares during the period. GSA Capital Partners LLP’s holdings in Global Ship Lease were worth $1,753,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Samalin Investment Counsel LLC raised its holdings in Global Ship Lease by 1.3% during the 4th quarter. Samalin Investment Counsel LLC now owns 23,127 shares of the shipping company’s stock worth $810,000 after buying an additional 291 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Global Ship Lease by 77.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the shipping company’s stock worth $30,000 after buying an additional 431 shares during the period. Parallel Advisors LLC boosted its position in Global Ship Lease by 5.2% during the 3rd quarter. Parallel Advisors LLC now owns 9,827 shares of the shipping company’s stock worth $302,000 after acquiring an additional 485 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Global Ship Lease by 29.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,179 shares of the shipping company’s stock worth $67,000 after acquiring an additional 490 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in Global Ship Lease by 0.7% during the 3rd quarter. Moors & Cabot Inc. now owns 83,650 shares of the shipping company’s stock worth $2,568,000 after acquiring an additional 600 shares during the last quarter. 50.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Global Ship Lease from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Jefferies Financial Group assumed coverage on shares of Global Ship Lease in a report on Friday, April 24th. They issued a “buy” rating and a $45.00 price objective on the stock. B. Riley Financial lifted their price objective on shares of Global Ship Lease from $42.00 to $48.00 and gave the company a “buy” rating in a report on Friday, March 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Global Ship Lease in a report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Global Ship Lease from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.33.

Global Ship Lease Price Performance

NYSE GSL opened at $40.23 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.30. Global Ship Lease, Inc. has a 12-month low of $23.95 and a 12-month high of $42.70. The company has a market capitalization of $1.44 billion, a PE ratio of 3.53 and a beta of 0.96. The firm’s 50 day moving average is $39.05 and its 200-day moving average is $36.98.

Global Ship Lease (NYSE:GSL) last issued its earnings results on Thursday, March 5th. The shipping company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.01. Global Ship Lease had a net margin of 54.33% and a return on equity of 22.35%. The business had revenue of $190.95 million for the quarter, compared to the consensus estimate of $188.39 million. Global Ship Lease’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Global Ship Lease, Inc. will post 9.68 earnings per share for the current fiscal year.

Global Ship Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd will be paid a $0.625 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.50 dividend on an annualized basis and a yield of 6.2%. Global Ship Lease’s dividend payout ratio (DPR) is currently 21.95%.

Insider Buying and Selling

In other Global Ship Lease news, insider Georgios Giannopoulos sold 7,692 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $38.51, for a total value of $296,218.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Global Ship Lease Profile

Global Ship Lease (NYSE: GSL) is a Bermuda-based containership charter owner focused on acquiring, owning and leasing modern, fuel-efficient vessels to major liner operators. Founded in 2011 and listed on the New York Stock Exchange the same year, the company’s fleet primarily comprises post-Panamax containerships designed to serve the high-volume Asia–Europe and transpacific shipping lanes. By specializing in long-term charter agreements, Global Ship Lease aims to maintain stable revenue streams and minimize spot-market volatility.

The company’s business model centers on negotiating multi-year time charters with leading global shipping lines.