Signaturefd LLC Acquires 945 Shares of Global Ship Lease, Inc. (NYSE:GSL)

Signaturefd LLC increased its holdings in shares of Global Ship Lease, Inc. (NYSE:GSL) by 87.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,024 shares of the shipping company’s stock after buying an additional 945 shares during the quarter. Signaturefd LLC’s holdings in Global Ship Lease were worth $40,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Whittier Trust Co. bought a new stake in Global Ship Lease during the 4th quarter valued at $40,000. Kestra Advisory Services LLC raised its position in shares of Global Ship Lease by 12.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 11,808 shares of the shipping company’s stock worth $217,000 after acquiring an additional 1,264 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Global Ship Lease in the 4th quarter worth $218,000. MQS Management LLC bought a new position in shares of Global Ship Lease in the 3rd quarter worth $221,000. Finally, Olympiad Research LP bought a new position in shares of Global Ship Lease in the 3rd quarter worth $224,000. 50.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GSL has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $25.00 target price on shares of Global Ship Lease in a research note on Monday, March 4th. StockNews.com upgraded Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Global Ship Lease Stock Up 1.4 %

Global Ship Lease stock opened at $23.17 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.00 and a current ratio of 1.05. The business’s 50-day simple moving average is $20.79 and its two-hundred day simple moving average is $19.79. The company has a market cap of $815.35 million, a PE ratio of 2.78 and a beta of 1.46. Global Ship Lease, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $23.26.

Global Ship Lease (NYSE:GSL) last posted its quarterly earnings results on Monday, March 4th. The shipping company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.15. The business had revenue of $178.89 million for the quarter, compared to the consensus estimate 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 business earned $2.14 EPS. Equities analysts anticipate that Global Ship Lease, Inc. will post 9.4 EPS for the current year.

Global Ship Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.375 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.50 annualized dividend and a yield of 6.47%. Global Ship Lease’s payout ratio is presently 18.01%.

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.