Global Ship Lease (GSL) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GSL shares.
View GSL analyst ratings or view top-rated stocks.

1 analysts have issued 1-year target prices for Global Ship Lease's shares. Their GSL share price targets range from $25.00 to $25.00. On average, they anticipate the company's share price to reach $25.00 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
View analysts price targets for GSL or view top-rated stocks among Wall Street analysts.

Global Ship Lease's stock was trading at $19.82 at the start of the year. Since then, GSL shares have increased by 7.7% and is now trading at $21.34.
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Global Ship Lease saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,150,000 shares, an increase of 6.5% from the February 29th total of 1,080,000 shares. Based on an average daily volume of 605,500 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.5% of the company's stock are sold short.
View Global Ship Lease's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our GSL earnings forecast.

Global Ship Lease, Inc. (NYSE:GSL) posted its earnings results on Monday, March, 4th. The shipping company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.15. The shipping company had revenue of $178.89 million for the quarter, compared to the consensus estimate of $171.54 million. Global Ship Lease had a net margin of 45.12% and a trailing twelve-month return on equity of 29.87%. During the same quarter in the previous year, the firm earned $2.14 EPS.

Global Ship Lease announced a quarterly dividend on Monday, February 12th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.375 per share on Wednesday, March 6th. This represents a $1.50 annualized dividend and a yield of 7.03%. The ex-dividend date is Wednesday, February 21st.
Read our dividend analysis for GSL.

Global Ship Lease (NYSE:GSL) pays an annual dividend of $1.50 per share and currently has a dividend yield of 7.07%. GSL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GSL will have a dividend payout ratio of 18.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GSL.

ETFs with the largest weight of Global Ship Lease (NYSE:GSL) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).SonicShares Global Shipping ETF (BOAT).

Global Ship Lease shares reverse split on the morning of Monday, March 25th 2019. The 1-8 reverse split was announced on Wednesday, March 20th 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, March 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Ship Lease investors own include Actinium Pharmaceuticals (ATNM), Energy Transfer (ET), Verastem (VSTM), Capital Product Partners (CPLP), Teekay LNG Partners (TGP), Enterprise Products Partners (EPD), Mazor Robotics (MZOR), Seanergy Maritime (SHIP), DHT (DHT) and Dorian LPG (LPG).

Global Ship Lease's stock is owned by a number of institutional and retail investors. Top institutional investors include ARGA Investment Management LP (0.17%) and BluePath Capital Management LLC (0.08%).

Shares of GSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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