Global Ship Lease, Inc. (NYSE:GSL) Shares Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC raised its position in Global Ship Lease, Inc. (NYSE:GSL) by 30.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,836 shares of the shipping company’s stock after purchasing an additional 5,964 shares during the period. Samalin Investment Counsel LLC’s holdings in Global Ship Lease were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its holdings in shares of Global Ship Lease by 1.3% in the 4th quarter. Isthmus Partners LLC now owns 112,832 shares of the shipping company’s stock valued at $2,463,000 after buying an additional 1,460 shares during the period. Quarry LP boosted its position in Global Ship Lease by 75.0% during the 3rd quarter. Quarry LP now owns 3,495 shares of the shipping company’s stock worth $93,000 after acquiring an additional 1,498 shares during the period. SBI Securities Co. Ltd. acquired a new position in Global Ship Lease during the 4th quarter worth $37,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Global Ship Lease during the fourth quarter valued at about $46,000. Finally, R Squared Ltd bought a new stake in shares of Global Ship Lease during the 4th quarter worth about $50,000. 50.08% of the stock is owned by hedge funds and other institutional investors.

Global Ship Lease Price Performance

NYSE GSL opened at $23.33 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The company has a market cap of $859.81 million, a PE ratio of 2.58 and a beta of 1.47. Global Ship Lease, Inc. has a 1 year low of $19.73 and a 1 year high of $30.32. The stock’s 50-day moving average price is $22.25 and its two-hundred day moving average price is $23.02.

Global Ship Lease (NYSE:GSL) last issued 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. The company had revenue of $182.43 million during the quarter, compared to analyst estimates of $170.71 million. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. On average, analysts predict that Global Ship Lease, Inc. will post 9.74 EPS for the current year.

Global Ship Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.72%. Global Ship Lease’s dividend payout ratio is currently 18.50%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GSL. Jefferies Financial Group reiterated a “buy” rating and set a $29.00 price objective on shares of Global Ship Lease in a research note on Wednesday, March 5th. Clarkson Capital upgraded Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, StockNews.com lowered Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Friday, March 7th.

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.