Jones Financial Companies Lllp Purchases 4,231 Shares of Global Ship Lease, Inc. (NYSE:GSL)

Jones Financial Companies Lllp raised its position in Global Ship Lease, Inc. (NYSE:GSL) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,517 shares of the shipping company’s stock after acquiring an additional 4,231 shares during the quarter. Jones Financial Companies Lllp’s holdings in Global Ship Lease were worth $339,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new position in Global Ship Lease in the fourth quarter valued at about $50,000. Quarry LP lifted its holdings in Global Ship Lease by 75.0% in the third quarter. Quarry LP now owns 3,495 shares of the shipping company’s stock valued at $93,000 after acquiring an additional 1,498 shares during the period. Blue Trust Inc. increased its position in Global Ship Lease by 35.8% in the fourth quarter. Blue Trust Inc. now owns 15,196 shares of the shipping company’s stock worth $332,000 after buying an additional 4,010 shares in the last quarter. DGS Capital Management LLC increased its position in Global Ship Lease by 121.1% in the third quarter. DGS Capital Management LLC now owns 20,507 shares of the shipping company’s stock worth $547,000 after buying an additional 11,233 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Global Ship Lease in the third quarter worth about $579,000. Institutional investors own 50.08% of the company’s stock.

Wall Street Analyst Weigh In

GSL has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $29.00 price target on shares of Global Ship Lease in a research report on Wednesday, March 5th. StockNews.com cut Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Clarkson Capital cut Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Thursday, November 14th.

Global Ship Lease Stock Performance

Shares of GSL opened at $23.33 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38. Global Ship Lease, Inc. has a 52 week low of $19.22 and a 52 week high of $30.32. The business has a 50-day simple moving average of $22.08 and a two-hundred day simple moving average of $23.11. The stock has a market cap of $859.95 million, a price-to-earnings ratio of 2.58 and a beta of 1.47.

Global Ship Lease (NYSE:GSL) last released its earnings results on Wednesday, March 5th. The shipping company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. Global Ship Lease had a return on equity of 27.88% and a net margin of 46.38%. The firm had revenue of $182.43 million during the quarter, compared to analysts’ expectations of $170.71 million. On average, analysts expect that Global Ship Lease, Inc. will post 9.74 EPS for the current year.

Global Ship Lease Dividend Announcement

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

About Global Ship Lease

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.