Global Ship Lease, Inc. (NYSE:GSL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in Global Ship Lease, Inc. (NYSE:GSL - Free Report) by 18.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,145 shares of the shipping company's stock after selling 114,788 shares during the period. Jane Street Group LLC owned about 1.38% of Global Ship Lease worth $13,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GSL. SG Americas Securities LLC acquired a new position in Global Ship Lease during the second quarter worth about $2,130,000. Clear Harbor Asset Management LLC acquired a new position in shares of Global Ship Lease during the 2nd quarter worth approximately $216,000. Blue Trust Inc. lifted its stake in Global Ship Lease by 2,642.1% in the 2nd quarter. Blue Trust Inc. now owns 3,126 shares of the shipping company's stock valued at $90,000 after buying an additional 3,012 shares in the last quarter. Summit Securities Group LLC grew its holdings in Global Ship Lease by 404.2% during the 2nd quarter. Summit Securities Group LLC now owns 12,100 shares of the shipping company's stock valued at $348,000 after buying an additional 9,700 shares during the last quarter. Finally, Signaturefd LLC increased its position in Global Ship Lease by 23.3% during the second quarter. Signaturefd LLC now owns 2,526 shares of the shipping company's stock worth $73,000 after buying an additional 477 shares in the last quarter. 50.08% of the stock is owned by institutional investors and hedge funds.

Global Ship Lease Trading Down 0.2 %

NYSE:GSL traded down $0.04 during mid-day trading on Thursday, reaching $21.73. The company's stock had a trading volume of 206,081 shares, compared to its average volume of 547,065. Global Ship Lease, Inc. has a twelve month low of $17.69 and a twelve month high of $30.32. The company's fifty day simple moving average is $23.63 and its two-hundred day simple moving average is $25.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.58. The stock has a market cap of $801.01 million, a P/E ratio of 2.41 and a beta of 1.55.

Global Ship Lease (NYSE:GSL - Get Free Report) last released its earnings results on Monday, November 11th. The shipping company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.02. The firm had revenue of $174.06 million during the quarter, compared to the consensus estimate 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 earnings per share. On average, equities analysts predict that Global Ship Lease, Inc. will post 9.85 EPS for the current year.

Global Ship Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 22nd were issued 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 8.28%. Global Ship Lease's payout ratio is 19.93%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GSL shares. Clarkson Capital lowered shares of Global Ship Lease from a "buy" rating to a "neutral" rating and set a $27.00 target price on the stock. in a report on Thursday, November 14th. Jefferies Financial Group reissued a "buy" rating and set a $29.00 price objective on shares of Global Ship Lease in a research note on Monday, November 11th. Finally, StockNews.com cut shares of Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 25th.

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.