Jump Financial LLC Raises Stock Position in Global Ship Lease, Inc. (NYSE:GSL)

Jump Financial LLC lifted its holdings in Global Ship Lease, Inc. (NYSE:GSL) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,908 shares of the shipping company’s stock after acquiring an additional 6,395 shares during the period. Jump Financial LLC owned 0.15% of Global Ship Lease worth $1,220,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GSL. Isthmus Partners LLC boosted its stake in Global Ship Lease by 1.3% during the fourth quarter. Isthmus Partners LLC now owns 112,832 shares of the shipping company’s stock valued at $2,463,000 after buying an additional 1,460 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Global Ship Lease by 6,856.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,600 shares of the shipping company’s stock worth $36,000 after purchasing an additional 1,577 shares during the last quarter. Pinnacle Holdings LLC raised its stake in Global Ship Lease by 88.8% during the fourth quarter. Pinnacle Holdings LLC now owns 3,359 shares of the shipping company’s stock valued at $73,000 after purchasing an additional 1,580 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Global Ship Lease in the 4th quarter worth $37,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Global Ship Lease in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 50.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Clarkson Capital upgraded Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com downgraded Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th. Finally, 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.

Global Ship Lease Trading Up 1.8 %

GSL opened at $20.54 on Monday. Global Ship Lease, Inc. has a one year low of $17.73 and a one year high of $30.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.64. The stock has a market cap of $728.15 million, a price-to-earnings ratio of 2.27 and a beta of 1.21. The stock’s 50 day moving average price is $21.96 and its 200-day moving average price is $22.45.

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

Global Ship Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.76%. The ex-dividend date of this dividend was Monday, February 24th. Global Ship Lease’s dividend payout ratio (DPR) is presently 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.