Global Ship Lease, Inc. (NYSE:GSL) Shares Bought by BluePath Capital Management LLC

BluePath Capital Management LLC lifted its position in shares of Global Ship Lease, Inc. (NYSE:GSL) by 30.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,146 shares of the shipping company’s stock after acquiring an additional 7,535 shares during the quarter. BluePath Capital Management LLC’s holdings in Global Ship Lease were worth $713,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GSL. Quarry LP boosted its holdings in Global Ship Lease by 75.0% in the 3rd quarter. Quarry LP now owns 3,495 shares of the shipping company’s stock valued at $93,000 after purchasing an additional 1,498 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Global Ship Lease in the 2nd quarter valued at approximately $107,000. U S Global Investors Inc. purchased a new position in Global Ship Lease in the third quarter worth $150,000. Point72 Hong Kong Ltd acquired a new stake in Global Ship Lease in the second quarter valued at $210,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Global Ship Lease during the 3rd quarter worth $213,000. 50.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Global Ship Lease Stock Down 1.0 %

Global Ship Lease stock opened at $22.13 on Thursday. The firm has a market capitalization of $815.71 million, a price-to-earnings ratio of 2.45 and a beta of 1.55. 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 fifty-two week low of $18.75 and a fifty-two week high of $30.32. The stock’s fifty day moving average is $22.37 and its two-hundred day moving average is $24.35.

Global Ship Lease (NYSE:GSL) last posted its earnings results on Monday, November 11th. The shipping company reported $2.45 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $174.06 million during the quarter, compared to the consensus estimate of $175.83 million. During the same period last year, the firm posted $2.33 EPS. Analysts predict that Global Ship Lease, Inc. will post 9.79 EPS for the current fiscal year.

Global Ship Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 22nd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 8.13%. Global Ship Lease’s dividend 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.