JTC Employer Solutions Trustee Ltd Has $10.91 Million Stock Holdings in Global Ship Lease, Inc. $GSL

JTC Employer Solutions Trustee Ltd lowered its holdings in shares of Global Ship Lease, Inc. (NYSE:GSL) by 19.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 293,258 shares of the shipping company’s stock after selling 70,000 shares during the period. Global Ship Lease makes up about 0.9% of JTC Employer Solutions Trustee Ltd’s holdings, making the stock its 17th biggest holding. JTC Employer Solutions Trustee Ltd’s holdings in Global Ship Lease were worth $10,914,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Royal Palms Capital LLC bought a new stake in shares of Global Ship Lease in the 4th quarter valued at about $3,665,000. SG Americas Securities LLC lifted its stake in shares of Global Ship Lease by 100.1% in the fourth quarter. SG Americas Securities LLC now owns 56,817 shares of the shipping company’s stock worth $1,991,000 after acquiring an additional 28,425 shares during the period. WINTON GROUP Ltd bought a new stake in Global Ship Lease in the fourth quarter valued at approximately $949,000. GSA Capital Partners LLP increased its position in Global Ship Lease by 39.7% during the 4th quarter. GSA Capital Partners LLP now owns 50,016 shares of the shipping company’s stock valued at $1,753,000 after purchasing an additional 14,214 shares during the period. Finally, U S Global Investors Inc. raised its holdings in Global Ship Lease by 220.4% during the 1st quarter. U S Global Investors Inc. now owns 18,690 shares of the shipping company’s stock worth $696,000 after purchasing an additional 12,856 shares during the last quarter. Institutional investors own 50.08% of the company’s stock.

Analyst Ratings Changes

GSL has been the subject of several recent analyst reports. Fearnley Fonds upgraded shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Global Ship Lease in a report on Friday, July 17th. Wall Street Zen raised shares of Global Ship Lease from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Zacks Research upgraded Global Ship Lease from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group began coverage on Global Ship Lease in a research report on Friday, April 24th. They issued a “buy” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $46.50.

Global Ship Lease Price Performance

Global Ship Lease stock opened at $43.31 on Thursday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 4.11 and a beta of 0.90. Global Ship Lease, Inc. has a 52-week low of $27.28 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.21 and a current ratio of 2.26. The stock’s 50 day moving average price is $39.28 and its two-hundred day moving average price is $38.76.

Global Ship Lease (NYSE:GSL) last released its quarterly earnings data on Friday, May 22nd. The shipping company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.16. Global Ship Lease had a net margin of 50.01% and a return on equity of 21.11%. The company had revenue of $198.08 million during the quarter, compared to analyst estimates of $182.87 million. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Global Ship Lease, Inc. will post 9.5 earnings per share for the current year.

Global Ship Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were issued a dividend of $0.625 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.50 annualized dividend and a dividend yield of 5.8%. Global Ship Lease’s dividend payout ratio is currently 23.74%.

Global Ship Lease Profile

Global Ship Lease (NYSE: GSL) is a Bermuda-based containership charter owner focused on acquiring, owning and leasing modern, fuel-efficient vessels to major liner operators. Founded in 2011 and listed on the New York Stock Exchange the same year, the company’s fleet primarily comprises post-Panamax containerships designed to serve the high-volume Asia–Europe and transpacific shipping lanes. By specializing in long-term charter agreements, Global Ship Lease aims to maintain stable revenue streams and minimize spot-market volatility.

The company’s business model centers on negotiating multi-year time charters with leading global shipping lines.