B. Riley Increases Earnings Estimates for Global Ship Lease

Global Ship Lease, Inc. (NYSE:GSL - Free Report) - Research analysts at B. Riley increased their FY2025 earnings per share estimates for shares of Global Ship Lease in a research note issued on Tuesday, November 12th. B. Riley analyst L. Burke now expects that the shipping company will post earnings per share of $9.74 for the year, up from their prior estimate of $9.67. The consensus estimate for Global Ship Lease's current full-year earnings is $9.85 per share.

Global Ship Lease (NYSE:GSL - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The shipping company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.02. Global Ship Lease had a return on equity of 28.59% and a net margin of 46.38%. The business had revenue of $174.06 million for the quarter, compared to the consensus estimate of $175.83 million. During the same period last year, the business earned $2.33 EPS.

Several other research analysts also recently commented on the company. Clarkson Capital downgraded Global Ship Lease from a "buy" rating to a "neutral" rating and set a $27.00 price target on the stock. in a research report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $29.00 price target on shares of Global Ship Lease in a research report on Monday. Finally, StockNews.com downgraded Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 25th.

Global Ship Lease Stock Performance

NYSE GSL traded down $0.60 during trading on Thursday, hitting $23.82. The company's stock had a trading volume of 558,482 shares, compared to its average volume of 559,213. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $24.54 and a 200 day moving average price of $25.94. The firm has a market cap of $878.01 million, a P/E ratio of 2.66 and a beta of 1.62. Global Ship Lease has a 52 week low of $17.47 and a 52 week high of $30.32.

Global Ship Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Friday, November 22nd. Global Ship Lease's payout ratio is presently 16.61%.

Institutional Trading of Global Ship Lease

Institutional investors have recently modified their holdings of the company. Donald Smith & CO. Inc. boosted its stake in Global Ship Lease by 62.0% in the 1st quarter. Donald Smith & CO. Inc. now owns 2,533,701 shares of the shipping company's stock valued at $51,434,000 after buying an additional 969,536 shares in the last quarter. Whitefort Capital Management LP boosted its stake in Global Ship Lease by 4.2% in the 1st quarter. Whitefort Capital Management LP now owns 1,977,224 shares of the shipping company's stock valued at $40,138,000 after buying an additional 79,743 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Global Ship Lease by 3,779.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,508,898 shares of the shipping company's stock valued at $43,406,000 after buying an additional 1,470,002 shares in the last quarter. Marshall Wace LLP boosted its stake in Global Ship Lease by 275.5% in the 2nd quarter. Marshall Wace LLP now owns 1,068,524 shares of the shipping company's stock valued at $30,763,000 after buying an additional 783,963 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Global Ship Lease by 97.9% in the 2nd quarter. Renaissance Technologies LLC now owns 557,050 shares of the shipping company's stock valued at $16,037,000 after buying an additional 275,500 shares in the last quarter. Institutional investors and hedge funds own 50.08% of the company's stock.

About Global Ship Lease

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.