Global Ship Lease, Inc. (NYSE:GSL) Shares Bought by DGS Capital Management LLC

DGS Capital Management LLC lifted its stake in shares of Global Ship Lease, Inc. (NYSE:GSL - Free Report) by 125.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,158 shares of the shipping company's stock after purchasing an additional 25,651 shares during the period. DGS Capital Management LLC owned about 0.13% of Global Ship Lease worth $1,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GSL. Vanguard Personalized Indexing Management LLC boosted its stake in Global Ship Lease by 21.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,442 shares of the shipping company's stock worth $473,000 after purchasing an additional 2,927 shares during the last quarter. Sei Investments Co. boosted its position in Global Ship Lease by 780.1% during the second quarter. Sei Investments Co. now owns 103,658 shares of the shipping company's stock worth $2,984,000 after acquiring an additional 91,880 shares during the last quarter. Marshall Wace LLP grew its stake in Global Ship Lease by 275.5% during the 2nd quarter. Marshall Wace LLP now owns 1,068,524 shares of the shipping company's stock valued at $30,763,000 after acquiring an additional 783,963 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Global Ship Lease by 74.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 197,836 shares of the shipping company's stock valued at $5,696,000 after acquiring an additional 84,455 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Global Ship Lease in the 2nd quarter worth approximately $210,000. 50.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GSL has been the subject of a number of analyst reports. Clarkson Capital lowered Global Ship Lease from a "buy" rating to a "neutral" rating and set a $27.00 price target for the company. in a research report on Thursday, November 14th. Jefferies Financial Group restated a "buy" rating and issued a $29.00 target price on shares of Global Ship Lease in a report on Monday, November 11th. Finally, StockNews.com lowered Global Ship Lease from a "strong-buy" rating to a "buy" rating in a report on Friday, October 25th.

Global Ship Lease Trading Down 1.5 %

NYSE:GSL traded down $0.32 on Friday, reaching $21.11. The company's stock had a trading volume of 348,089 shares, compared to its average volume of 259,149. Global Ship Lease, Inc. has a 12-month low of $18.75 and a 12-month high of $30.32. The stock has a 50 day moving average price of $21.96 and a 200 day moving average price of $24.01. The firm has a market cap of $778.19 million, a price-to-earnings ratio of 2.34 and a beta of 1.55. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38.

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 (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.02. The firm had revenue of $174.06 million for the quarter, compared to analyst estimates of $175.83 million. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. During the same period in the previous year, the firm earned $2.33 EPS. On average, equities analysts anticipate that Global Ship Lease, Inc. will post 9.79 EPS for the current fiscal year.

Global Ship Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 22nd were given a dividend of $0.45 per share. The ex-dividend date was Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.53%. Global Ship Lease's payout ratio is currently 19.93%.

Global Ship Lease 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.