Counterpoint Mutual Funds LLC Decreases Stock Holdings in Global Ship Lease, Inc. $GSL

Counterpoint Mutual Funds LLC reduced its holdings in Global Ship Lease, Inc. (NYSE:GSL) by 58.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,899 shares of the shipping company’s stock after selling 16,598 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Global Ship Lease were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GSL. EverSource Wealth Advisors LLC lifted its holdings in shares of Global Ship Lease by 77.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 431 shares during the last quarter. Avion Wealth purchased a new stake in Global Ship Lease during the third quarter valued at approximately $39,000. State of Alaska Department of Revenue bought a new stake in shares of Global Ship Lease in the 3rd quarter valued at approximately $61,000. SBI Securities Co. Ltd. boosted its holdings in shares of Global Ship Lease by 29.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,179 shares of the shipping company’s stock worth $67,000 after purchasing an additional 490 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Global Ship Lease by 6,605.4% in the 2nd quarter. Allworth Financial LP now owns 2,481 shares of the shipping company’s stock worth $65,000 after purchasing an additional 2,444 shares during the period. 50.08% of the stock is currently owned by hedge funds and other institutional investors.

Global Ship Lease Stock Performance

Shares of Global Ship Lease stock opened at $39.83 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $36.48 and its two-hundred day moving average is $33.39. Global Ship Lease, Inc. has a 52 week low of $17.73 and a 52 week high of $40.37. The company has a market capitalization of $1.42 billion, a PE ratio of 3.58 and a beta of 0.93.

Global Ship Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Global Ship Lease’s payout ratio is 22.44%.

Analyst Ratings Changes

GSL has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on Global Ship Lease from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Zacks Research downgraded shares of Global Ship Lease from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Global Ship Lease in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Global Ship Lease has an average rating of “Moderate Buy” and an average price target of $33.50.

About Global Ship Lease

Global Ship Lease (NYSE: GSL) is a Bermuda-based containership charter owner focused on acquiring, owning and leasing modern, fuel-efficient vessels to major liner operators. Founded in 2011 and listed on the New York Stock Exchange the same year, the company’s fleet primarily comprises post-Panamax containerships designed to serve the high-volume Asia–Europe and transpacific shipping lanes. By specializing in long-term charter agreements, Global Ship Lease aims to maintain stable revenue streams and minimize spot-market volatility.

The company’s business model centers on negotiating multi-year time charters with leading global shipping lines.