International Assets Investment Management LLC Makes New Investment in Global Ship Lease, Inc. (NYSE:GSL)

International Assets Investment Management LLC bought a new position in Global Ship Lease, Inc. (NYSE:GSL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 17,882 shares of the shipping company’s stock, valued at approximately $477,000. International Assets Investment Management LLC owned about 0.05% of Global Ship Lease as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Global Ship Lease by 23.3% during the 2nd quarter. Signaturefd LLC now owns 2,526 shares of the shipping company’s stock valued at $73,000 after purchasing an additional 477 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Global Ship Lease during the 2nd quarter valued at about $88,000. Blue Trust Inc. increased its position in shares of Global Ship Lease by 2,642.1% during the 2nd quarter. Blue Trust Inc. now owns 3,126 shares of the shipping company’s stock valued at $90,000 after purchasing an additional 3,012 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Global Ship Lease during the 2nd quarter valued at about $107,000. Finally, nVerses Capital LLC increased its position in shares of Global Ship Lease by 355.6% during the 2nd quarter. nVerses Capital LLC now owns 4,100 shares of the shipping company’s stock valued at $118,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 50.08% of the company’s stock.

Global Ship Lease Trading Up 0.1 %

Global Ship Lease stock opened at $24.22 on Wednesday. The firm has a 50 day moving average of $24.61 and a 200 day moving average of $25.89. The firm has a market capitalization of $892.56 million, a price-to-earnings ratio of 2.65 and a beta of 1.62. Global Ship Lease, Inc. has a 12-month low of $16.80 and a 12-month high of $30.32. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40.

Global Ship Lease (NYSE:GSL) last released its earnings results on Monday, August 5th. The shipping company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.19. The company had revenue of $175.00 million during the quarter, compared to analyst estimates of $172.07 million. Global Ship Lease had a net margin of 46.90% and a return on equity of 28.92%. During the same period in the prior year, the firm posted $2.09 EPS. As a group, research analysts predict that Global Ship Lease, Inc. will post 9.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GSL shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $29.00 price target on shares of Global Ship Lease in a research report on Monday, August 5th. Clarkson Capital raised shares of Global Ship Lease from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, StockNews.com lowered shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Friday, October 25th.

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.