Atria Wealth Solutions Inc. Has $218,000 Stock Position in Global Ship Lease, Inc. (NYSE:GSL)

Atria Wealth Solutions Inc. lowered its stake in shares of Global Ship Lease, Inc. (NYSE:GSL) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the shipping company’s stock after selling 1,043 shares during the period. Atria Wealth Solutions Inc.’s holdings in Global Ship Lease were worth $218,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GSL. Harbor Capital Advisors Inc. raised its position in Global Ship Lease by 147.1% during the third quarter. Harbor Capital Advisors Inc. now owns 506,085 shares of the shipping company’s stock worth $13,487,000 after acquiring an additional 301,280 shares in the last quarter. Foundry Partners LLC increased its stake in shares of 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 during the last quarter. Moran Wealth Management LLC bought a new stake in shares of Global Ship Lease in the 3rd quarter valued at about $2,894,000. GSA Capital Partners LLP lifted its stake in Global Ship Lease by 62.5% in the 3rd 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 last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Global Ship Lease during the third quarter worth about $1,441,000. Institutional investors and hedge funds own 50.08% of the company’s stock.

Global Ship Lease Stock Down 1.2 %

NYSE GSL opened at $21.80 on Friday. The business has a fifty day moving average price of $21.98 and a two-hundred day moving average price of $23.32. The stock has a market capitalization of $803.41 million, a PE ratio of 2.41 and a beta of 1.53. Global Ship Lease, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $30.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.58.

Global Ship Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, February 24th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.80 annualized dividend and a dividend yield of 8.26%. Global Ship Lease’s dividend payout ratio is currently 19.93%.

Analysts Set New Price Targets

GSL has been the topic of several research analyst reports. StockNews.com upgraded Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 25th. Jefferies Financial Group restated a “buy” rating and issued a $29.00 price target on shares of Global Ship Lease in a research note on Monday, November 11th. Finally, Clarkson Capital cut shares of Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Thursday, November 14th.

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.