Global Ship Lease, Inc. (NYSE:GSL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in Global Ship Lease, Inc. (NYSE:GSL - Free Report) by 39.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,610 shares of the shipping company's stock after selling 30,452 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.13% of Global Ship Lease worth $1,242,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Global Ship Lease by 12.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 30,992 shares of the shipping company's stock worth $826,000 after purchasing an additional 3,377 shares during the last quarter. Foundry Partners LLC lifted its position in Global Ship Lease by 45.2% in the third quarter. Foundry Partners LLC now owns 475,956 shares of the shipping company's stock valued at $12,684,000 after buying an additional 148,247 shares during the last quarter. Moran Wealth Management LLC purchased a new position in Global Ship Lease during the third quarter worth about $2,894,000. Moors & Cabot Inc. raised its stake in shares of Global Ship Lease by 2.2% in the 3rd quarter. Moors & Cabot Inc. now owns 33,150 shares of the shipping company's stock valued at $883,000 after acquiring an additional 700 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of 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 worth $4,621,000 after acquiring an additional 66,714 shares during the last quarter. 50.08% of the stock is currently owned by hedge funds and other institutional investors.

Global Ship Lease Stock Up 1.3 %

Global Ship Lease stock traded up $0.28 during trading on Tuesday, reaching $22.31. The stock had a trading volume of 234,224 shares, compared to its average volume of 549,444. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $23.79 and a 200 day moving average price of $25.65. The stock has a market cap of $822.39 million, a PE ratio of 2.47 and a beta of 1.55. Global Ship Lease, Inc. has a 52-week low of $17.69 and a 52-week high of $30.32.

Global Ship Lease (NYSE:GSL - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The shipping company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.43 by $0.02. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. The company had revenue of $174.06 million for the quarter, compared to analyst estimates of $175.83 million. During the same period in the prior year, the firm posted $2.33 earnings per share. On average, analysts predict that Global Ship Lease, Inc. will post 9.85 EPS for the current year.

Global Ship Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 22nd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.07%. The ex-dividend date was Friday, November 22nd. Global Ship Lease's dividend payout ratio (DPR) is 19.93%.

Analysts Set New Price Targets

GSL has been the topic of a number of research analyst reports. StockNews.com lowered Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 25th. Jefferies Financial Group reissued a "buy" rating and set a $29.00 price target on shares of Global Ship Lease in a research report 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 report on Thursday, November 14th.

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.