Global Ship Lease, Inc. (NYSE:GSL) Shares Acquired by Isthmus Partners LLC

Isthmus Partners LLC raised its holdings in Global Ship Lease, Inc. (NYSE:GSL) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,832 shares of the shipping company’s stock after acquiring an additional 1,460 shares during the quarter. Isthmus Partners LLC owned 0.31% of Global Ship Lease worth $2,463,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GSL. Foundry Partners LLC increased its position in Global Ship Lease by 45.2% during the 3rd quarter. Foundry Partners LLC now owns 475,956 shares of the shipping company’s stock worth $12,684,000 after purchasing an additional 148,247 shares in the last quarter. Moran Wealth Management LLC purchased a new position in shares of Global Ship Lease in the 3rd quarter valued at $2,894,000. GSA Capital Partners LLP raised its position in Global Ship Lease by 62.5% in the third quarter. GSA Capital Partners LLP now owns 173,391 shares of the shipping company’s stock valued at $4,621,000 after purchasing an additional 66,714 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Global Ship Lease during the 3rd quarter worth approximately $1,441,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Global Ship Lease by 126.1% during the third quarter. Janney Montgomery Scott LLC now owns 90,840 shares of the shipping company’s stock worth $2,421,000 after purchasing an additional 50,660 shares in the last quarter. Institutional investors and hedge funds own 50.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GSL. Clarkson Capital downgraded Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Thursday, November 14th. Jefferies Financial Group restated a “buy” rating and set a $29.00 price objective on shares of Global Ship Lease in a research note on Wednesday, March 5th. Finally, StockNews.com cut Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Global Ship Lease Trading Up 0.6 %

NYSE GSL opened at $23.43 on Monday. The stock has a market cap of $863.68 million, a price-to-earnings ratio of 2.59 and a beta of 1.47. Global Ship Lease, Inc. has a twelve month low of $19.22 and a twelve month high of $30.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.64. The firm’s 50 day moving average price is $22.03 and its two-hundred day moving average price is $23.14.

Global Ship Lease (NYSE:GSL) last posted its quarterly earnings results on Wednesday, March 5th. The shipping company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $182.43 million during the quarter, compared to analyst estimates of $170.71 million. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. Equities analysts anticipate that Global Ship Lease, Inc. will post 9.74 EPS for the current year.

Global Ship Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.80 dividend on an annualized basis and a yield of 7.68%. Global Ship Lease’s dividend payout ratio (DPR) is currently 18.50%.

About Global Ship Lease

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.