SG Americas Securities LLC Has $1.40 Million Stake in Global Ship Lease, Inc. (NYSE:GSL)

SG Americas Securities LLC lowered its position in shares of Global Ship Lease, Inc. (NYSE:GSL - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,941 shares of the shipping company's stock after selling 26,126 shares during the quarter. SG Americas Securities LLC owned 0.17% of Global Ship Lease worth $1,396,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Quarry LP boosted its position in shares of Global Ship Lease by 75.0% during the third quarter. Quarry LP now owns 3,495 shares of the shipping company's stock worth $93,000 after purchasing an additional 1,498 shares in the last quarter. U S Global Investors Inc. bought a new position in Global Ship Lease during the third quarter worth about $150,000. Ballentine Partners LLC acquired a new position in Global Ship Lease in the third quarter valued at about $213,000. Crescent Grove Advisors LLC bought a new stake in shares of Global Ship Lease in the third quarter worth about $252,000. Finally, Blue Trust Inc. raised its position in shares of Global Ship Lease by 257.8% during the third quarter. Blue Trust Inc. now owns 11,186 shares of the shipping company's stock worth $322,000 after purchasing an additional 8,060 shares during the period. Institutional investors own 50.08% of the company's stock.

Global Ship Lease Stock Down 1.0 %

Global Ship Lease stock traded down $0.22 during midday trading on Friday, reaching $21.60. The stock had a trading volume of 254,122 shares, compared to its average volume of 307,450. The stock has a market capitalization of $796.10 million, a P/E ratio of 2.39 and a beta of 1.55. The firm's fifty day simple moving average is $21.80 and its 200-day simple moving average is $23.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.64. Global Ship Lease, Inc. has a 1-year low of $18.75 and a 1-year high of $30.32.

Global Ship Lease (NYSE:GSL - Get Free Report) last posted its quarterly earnings data 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. 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 the consensus estimate of $175.83 million. During the same period last year, the company earned $2.33 earnings per share. As a group, analysts expect that Global Ship Lease, Inc. will post 9.74 EPS for the current fiscal year.

Global Ship Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 22nd were paid 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 8.33%. Global Ship Lease's dividend payout ratio is 19.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com lowered Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 25th. Clarkson Capital downgraded 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 research report on Thursday, November 14th. Finally, Jefferies Financial Group restated a "buy" rating and set a $29.00 price objective on shares of Global Ship Lease in a report on Monday, November 11th.

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.