Y Intercept Hong Kong Ltd Invests $579,000 in Global Ship Lease, Inc. (NYSE:GSL)

Y Intercept Hong Kong Ltd acquired a new stake in Global Ship Lease, Inc. (NYSE:GSL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,725 shares of the shipping company’s stock, valued at approximately $579,000.

A number of other large investors also recently bought and sold shares of GSL. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 3,012 shares during the period. Summit Securities Group LLC increased its holdings in Global Ship Lease by 404.2% in the 2nd quarter. Summit Securities Group LLC now owns 12,100 shares of the shipping company’s stock valued at $348,000 after purchasing an additional 9,700 shares during the last quarter. Signaturefd LLC raised its position in Global Ship Lease by 23.3% in the second quarter. Signaturefd LLC now owns 2,526 shares of the shipping company’s stock valued at $73,000 after purchasing an additional 477 shares during the period. nVerses Capital LLC lifted its stake in Global Ship Lease by 355.6% during the second quarter. nVerses Capital LLC now owns 4,100 shares of the shipping company’s stock worth $118,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in shares of Global Ship Lease during the second quarter worth $221,000. Institutional investors and hedge funds own 50.08% of the company’s stock.

Global Ship Lease Stock Down 0.5 %

Shares of NYSE GSL opened at $21.74 on Friday. The stock has a market cap of $801.38 million, a P/E ratio of 2.41 and a beta of 1.55. The business’s fifty day simple moving average is $23.47 and its 200-day simple moving average is $25.48. Global Ship Lease, Inc. has a 12-month low of $18.51 and a 12-month high of $30.32. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38.

Global Ship Lease (NYSE:GSL) last posted its quarterly 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. Global Ship Lease had a return on equity of 27.88% and a net margin of 46.38%. The company had revenue of $174.06 million for the quarter, compared to analyst estimates of $175.83 million. During the same quarter last year, the company earned $2.33 EPS. As a group, equities analysts predict that Global Ship Lease, Inc. will post 9.85 EPS for the current fiscal year.

Global Ship Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 22nd were paid a $0.45 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 8.28%. Global Ship Lease’s dividend payout ratio is currently 19.93%.

Analyst Ratings Changes

GSL has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $29.00 price objective on shares of Global Ship Lease in a report on Monday, November 11th. StockNews.com lowered shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Clarkson Capital lowered 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 note on Thursday, November 14th.

About Global Ship Lease

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.