Dynamic Technology Lab Private Ltd Acquires 3,377 Shares of Global Ship Lease, Inc. (NYSE:GSL)

Dynamic Technology Lab Private Ltd lifted its holdings in Global Ship Lease, Inc. (NYSE:GSL) by 12.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,992 shares of the shipping company’s stock after purchasing an additional 3,377 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Global Ship Lease were worth $826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GSL. Signaturefd LLC lifted its holdings 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 during the period. Mather Group LLC. bought a new position in shares of Global Ship Lease in the 2nd quarter worth $88,000. Blue Trust Inc. lifted its stake in shares of Global Ship Lease by 2,642.1% during the 2nd quarter. Blue Trust Inc. now owns 3,126 shares of the shipping company’s stock worth $90,000 after purchasing an additional 3,012 shares during the last quarter. Fairscale Capital LLC bought a new stake in Global Ship Lease during the second quarter valued at about $107,000. Finally, nVerses Capital LLC grew its stake in Global Ship Lease by 355.6% in the second 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. 50.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GSL has been the subject of several analyst reports. 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. Clarkson Capital cut shares of Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Thursday, November 14th. Finally, StockNews.com lowered shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Friday, October 25th.

Global Ship Lease Trading Down 0.3 %

Shares of NYSE:GSL opened at $21.53 on Thursday. 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 has a market capitalization of $793.41 million, a P/E ratio of 2.38 and a beta of 1.62. The business’s 50-day moving average is $24.36 and its 200 day moving average is $25.90. Global Ship Lease, Inc. has a 1 year low of $17.69 and a 1 year high of $30.32.

Global Ship Lease (NYSE:GSL) last announced its quarterly earnings data on Monday, November 11th. The shipping company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.43 by $0.02. The firm had revenue of $174.06 million during 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 last year, the firm posted $2.33 EPS. On average, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 8.36%. 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.