Quantbot Technologies LP Reduces Position in Global Ship Lease, Inc. (NYSE:GSL)

Quantbot Technologies LP lessened its holdings in shares of Global Ship Lease, Inc. (NYSE:GSL) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,238 shares of the shipping company’s stock after selling 2,692 shares during the period. Quantbot Technologies LP’s holdings in Global Ship Lease were worth $1,365,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Global Ship Lease by 23.3% during the 2nd quarter. Signaturefd LLC now owns 2,526 shares of the shipping company’s stock valued at $73,000 after acquiring an additional 477 shares in the last quarter. Mather Group LLC. purchased a new stake in Global Ship Lease during the 2nd quarter valued at about $88,000. Blue Trust Inc. boosted its holdings 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 purchasing an additional 3,012 shares during the last quarter. Fairscale Capital LLC acquired a new position in Global Ship Lease in the 2nd quarter valued at about $107,000. Finally, nVerses Capital LLC boosted its holdings in Global Ship Lease by 355.6% in the 2nd quarter. nVerses Capital LLC now owns 4,100 shares of the shipping company’s stock valued at $118,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 50.08% of the company’s stock.

Analyst Upgrades and Downgrades

GSL has been the topic of several recent analyst reports. StockNews.com lowered shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a 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 on the stock. in a research report on Thursday, November 14th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $29.00 price objective on shares of Global Ship Lease in a research report on Monday, November 11th.

Global Ship Lease Trading Down 0.1 %

NYSE GSL opened at $21.50 on Friday. 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 firm’s fifty day moving average price is $24.24 and its 200 day moving average price is $25.85. The company has a market capitalization of $792.49 million, a price-to-earnings ratio of 2.38 and a beta of 1.62. Global Ship Lease, Inc. has a 12 month low of $17.69 and a 12 month high of $30.32.

Global Ship Lease (NYSE:GSL) last posted its earnings results on Monday, November 11th. The shipping company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The firm had revenue of $174.06 million for 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 last year, the firm posted $2.33 EPS. On average, sell-side analysts expect that Global Ship Lease, Inc. will post 9.85 earnings per share for the current fiscal year.

Global Ship Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 22nd will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Friday, November 22nd. Global Ship Lease’s dividend payout ratio (DPR) is 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.