Kestra Private Wealth Services LLC Increases Position in Global Ship Lease, Inc. (NYSE:GSL)

Kestra Private Wealth Services LLC lifted its holdings in Global Ship Lease, Inc. (NYSE:GSL) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,504 shares of the shipping company’s stock after buying an additional 3,676 shares during the quarter. Kestra Private Wealth Services LLC owned approximately 0.11% of Global Ship Lease worth $884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GSL. R Squared Ltd bought a new stake in shares of Global Ship Lease during the 4th quarter worth approximately $50,000. Quarry LP lifted its stake in shares of 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 last quarter. U S Global Investors Inc. bought a new stake in shares of Global Ship Lease during the 3rd quarter worth approximately $150,000. Ballentine Partners LLC bought a new stake in shares of Global Ship Lease during the 3rd quarter worth approximately $213,000. Finally, Crescent Grove Advisors LLC bought a new stake in shares of Global Ship Lease during the 3rd quarter worth approximately $252,000. 50.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Global Ship Lease Trading Up 0.4 %

Shares of NYSE GSL opened at $22.51 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $21.79 and a two-hundred day simple moving average of $23.63. The firm has a market cap of $829.76 million, a PE ratio of 2.49 and a beta of 1.53. Global Ship Lease, Inc. has a twelve month low of $18.75 and a twelve month high of $30.32.

Global Ship Lease (NYSE:GSL) last announced its quarterly earnings results on Monday, November 11th. The shipping company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. Global Ship Lease had a return on equity of 27.88% and a net margin of 46.38%. The business had revenue of $174.06 million for the quarter, compared to the consensus estimate of $175.83 million. During the same period last year, the business posted $2.33 EPS. Analysts expect that Global Ship Lease, Inc. will post 9.74 earnings per share for the current fiscal year.

Global Ship Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, February 24th will be issued a $0.45 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.00%. Global Ship Lease’s dividend payout ratio is presently 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.