Sigma Planning Corp Has $229,000 Holdings in Global Ship Lease, Inc. (NYSE:GSL)

Sigma Planning Corp decreased its stake in shares of Global Ship Lease, Inc. (NYSE:GSL) by 53.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,544 shares of the shipping company’s stock after selling 13,025 shares during the quarter. Sigma Planning Corp’s holdings in Global Ship Lease were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of Global Ship Lease during the 4th quarter worth approximately $40,000. Signaturefd LLC grew its position in shares of Global Ship Lease by 87.6% during the 4th quarter. Signaturefd LLC now owns 2,024 shares of the shipping company’s stock worth $40,000 after buying an additional 945 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Global Ship Lease during the 4th quarter worth approximately $218,000. Kestra Advisory Services LLC grew its position in shares of Global Ship Lease by 12.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 11,808 shares of the shipping company’s stock worth $217,000 after buying an additional 1,264 shares during the period. Finally, MQS Management LLC bought a new position in shares of Global Ship Lease in the 3rd quarter worth $221,000. Institutional investors and hedge funds own 50.08% of the company’s stock.

Global Ship Lease Price Performance

Shares of NYSE:GSL opened at $22.81 on Monday. The stock has a market cap of $802.68 million, a PE ratio of 2.74 and a beta of 1.50. Global Ship Lease, Inc. has a 1-year low of $16.80 and a 1-year high of $22.97. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $20.57 and its two-hundred day simple moving average is $19.68.

Global Ship Lease (NYSE:GSL) last posted its earnings results on Monday, March 4th. The shipping company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.15. The business had revenue of $178.89 million during the quarter, compared to analyst estimates of $171.54 million. Global Ship Lease had a return on equity of 29.87% and a net margin of 45.12%. During the same quarter in the previous year, the firm earned $2.14 EPS. As a group, analysts forecast that Global Ship Lease, Inc. will post 9.4 EPS for the current fiscal year.

Global Ship Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date of this dividend was Wednesday, February 21st. Global Ship Lease’s payout ratio is presently 18.01%.

Analyst Upgrades and Downgrades

GSL has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $25.00 target price on shares of Global Ship Lease in a report on Monday, March 4th. StockNews.com cut Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 23rd.

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.