Trexquant Investment LP Raises Stake in Global Ship Lease, Inc. (NYSE:GSL)

Trexquant Investment LP increased its stake in Global Ship Lease, Inc. (NYSE:GSL) by 46.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,684 shares of the shipping company’s stock after buying an additional 58,470 shares during the period. Trexquant Investment LP owned 0.50% of Global Ship Lease worth $4,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Isthmus Partners LLC raised its stake in shares of Global Ship Lease by 1.3% during the fourth quarter. Isthmus Partners LLC now owns 112,832 shares of the shipping company’s stock valued at $2,463,000 after acquiring an additional 1,460 shares in the last quarter. Quarry LP lifted its holdings in shares of Global Ship Lease by 75.0% in the 3rd quarter. Quarry LP now owns 3,495 shares of the shipping company’s stock worth $93,000 after buying an additional 1,498 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Global Ship Lease by 6,856.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,600 shares of the shipping company’s stock worth $36,000 after buying an additional 1,577 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Global Ship Lease during the fourth quarter valued at $37,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Global Ship Lease in the fourth quarter valued at about $46,000. Institutional investors own 50.08% of the company’s stock.

Global Ship Lease Price Performance

GSL opened at $19.26 on Friday. The firm has a market capitalization of $682.71 million, a PE ratio of 2.13 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.58. The business’s 50-day moving average is $22.44 and its two-hundred day moving average is $22.94. Global Ship Lease, Inc. has a 1 year low of $18.96 and a 1 year high of $30.32.

Global Ship Lease (NYSE:GSL) last issued its quarterly earnings data 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. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. The firm had revenue of $182.43 million for the quarter, compared to the consensus estimate of $170.71 million. Research analysts anticipate that Global Ship Lease, Inc. will post 9.74 earnings per share for the current fiscal year.

Global Ship Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were given a $0.45 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.35%. Global Ship Lease’s payout ratio is 18.50%.

Analyst Ratings Changes

GSL has been the topic of several recent research reports. Clarkson Capital upgraded shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $29.00 price target on shares of Global Ship Lease in a research report on Wednesday, March 5th. Finally, StockNews.com lowered shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Friday, March 7th.

Global Ship Lease Company 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.