Isthmus Partners LLC Acquires 1,460 Shares of Global Ship Lease, Inc. (NYSE:GSL)

Isthmus Partners LLC boosted its holdings in shares of Global Ship Lease, Inc. (NYSE:GSL) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 112,832 shares of the shipping company’s stock after purchasing an additional 1,460 shares during the quarter. Isthmus Partners LLC’s holdings in Global Ship Lease were worth $2,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GSL. Foundry Partners LLC increased its position in Global Ship Lease by 45.2% during the third quarter. Foundry Partners LLC now owns 475,956 shares of the shipping company’s stock worth $12,684,000 after acquiring an additional 148,247 shares during the period. Moran Wealth Management LLC acquired a new stake in Global Ship Lease in the 3rd quarter worth $2,894,000. GSA Capital Partners LLP increased its holdings in shares of Global Ship Lease by 62.5% during the 3rd quarter. GSA Capital Partners LLP now owns 173,391 shares of the shipping company’s stock worth $4,621,000 after purchasing an additional 66,714 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Global Ship Lease during the third quarter valued at about $1,441,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Global Ship Lease by 126.1% in the third quarter. Janney Montgomery Scott LLC now owns 90,840 shares of the shipping company’s stock valued at $2,421,000 after buying an additional 50,660 shares during the period. Institutional investors own 50.08% of the company’s stock.

Global Ship Lease Price Performance

Shares of GSL stock opened at $23.43 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 firm has a market capitalization of $863.68 million, a price-to-earnings ratio of 2.59 and a beta of 1.47. The firm’s 50 day moving average is $22.03 and its 200-day moving average is $23.14. Global Ship Lease, Inc. has a 1 year low of $19.22 and a 1 year high of $30.32.

Global Ship Lease (NYSE:GSL) last announced its quarterly earnings data on Wednesday, March 5th. The shipping company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.25. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. The business had revenue of $182.43 million for the quarter, compared to analyst estimates of $170.71 million. Sell-side analysts forecast that Global Ship Lease, Inc. will post 9.74 EPS for the current fiscal year.

Global Ship Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were given a $0.45 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.80 annualized dividend and a dividend yield of 7.68%. Global Ship Lease’s dividend payout ratio is presently 18.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GSL shares. StockNews.com cut shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Friday. Jefferies Financial Group restated a “buy” rating and set a $29.00 price target on shares of Global Ship Lease in a research note on Wednesday, March 5th. Finally, Clarkson Capital lowered Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Thursday, November 14th.

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.