6,092 Shares in Global Ship Lease, Inc. (NYSE:GSL) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Global Ship Lease, Inc. (NYSE:GSL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,092 shares of the shipping company’s stock, valued at approximately $133,000.

A number of other institutional investors also recently bought and sold shares of GSL. Point72 Asset Management L.P. acquired a new stake in shares of Global Ship Lease during the 3rd quarter worth about $712,000. DGS Capital Management LLC raised its holdings in Global Ship Lease by 125.1% during the fourth quarter. DGS Capital Management LLC now owns 46,158 shares of the shipping company’s stock worth $1,008,000 after purchasing an additional 25,651 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Global Ship Lease during the 4th quarter worth approximately $37,000. Public Employees Retirement System of Ohio purchased a new position in shares of Global Ship Lease in the 3rd quarter valued at $1,441,000. Finally, JPMorgan Chase & Co. grew its position in shares of Global Ship Lease by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 391,053 shares of the shipping company’s stock valued at $10,422,000 after buying an additional 8,890 shares during the last quarter. 50.08% of the stock is owned by hedge funds and other institutional investors.

Global Ship Lease Stock Performance

NYSE GSL opened at $23.13 on Thursday. The firm has a market cap of $819.89 million, a P/E ratio of 2.56 and a beta of 1.47. Global Ship Lease, Inc. has a 52-week low of $20.35 and a 52-week high of $30.32. The business’s 50-day moving average price is $22.48 and its 200 day moving average price is $23.00. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38.

Global Ship Lease (NYSE:GSL) last released its earnings results on Wednesday, March 5th. The shipping company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Global Ship Lease had a return on equity of 27.88% and a net margin of 46.38%. The business had revenue of $182.43 million for the quarter, compared to analyst estimates of $170.71 million. On average, equities research analysts expect that Global Ship Lease, Inc. will post 9.74 earnings per share for the current year.

Global Ship Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.78%. The ex-dividend date of this dividend was Monday, February 24th. Global Ship Lease’s dividend payout ratio (DPR) is presently 18.50%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GSL shares. StockNews.com lowered Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Friday, March 7th. Clarkson Capital upgraded Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $29.00 price objective on shares of Global Ship Lease in a research note on Wednesday, March 5th.

Global Ship Lease Company 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.