Global Ship Lease, Inc. (NYSE:GSL) Stock Holdings Decreased by Sigma Planning Corp

Sigma Planning Corp reduced its position in Global Ship Lease, Inc. (NYSE:GSL) by 53.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,544 shares of the shipping company’s stock after selling 13,025 shares during the period. Sigma Planning Corp’s holdings in Global Ship Lease were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in Global Ship Lease during the fourth quarter valued at approximately $40,000. Signaturefd LLC grew its position in Global Ship Lease by 87.6% in the fourth quarter. Signaturefd LLC now owns 2,024 shares of the shipping company’s stock worth $40,000 after acquiring an additional 945 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Global Ship Lease in the fourth quarter worth approximately $218,000. Kestra Advisory Services LLC grew its position in Global Ship Lease by 12.0% in the third quarter. Kestra Advisory Services LLC now owns 11,808 shares of the shipping company’s stock worth $217,000 after acquiring an additional 1,264 shares in the last quarter. Finally, MQS Management LLC bought a new stake in Global Ship Lease in the third quarter worth approximately $221,000. 50.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on GSL shares. StockNews.com downgraded shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.00 price objective on shares of Global Ship Lease in a report on Monday, March 4th.

Global Ship Lease Price Performance

NYSE:GSL opened at $22.81 on Monday. The company has a 50-day moving average of $20.57 and a 200-day moving average of $19.68. The company has a market capitalization of $802.68 million, a price-to-earnings ratio of 2.74 and a beta of 1.50. Global Ship Lease, Inc. has a 52 week low of $16.80 and a 52 week high of $22.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.00 and a current ratio of 1.05.

Global Ship Lease (NYSE:GSL) last released its quarterly earnings data on Monday, March 4th. The shipping company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.15. The company had revenue of $178.89 million during the quarter, compared to the consensus estimate of $171.54 million. Global Ship Lease had a net margin of 45.12% and a return on equity of 29.87%. During the same period last year, the firm earned $2.14 EPS. As a group, equities research analysts anticipate that Global Ship Lease, Inc. will post 9.4 earnings per share for the current fiscal year.

Global Ship Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 22nd were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.58%. The ex-dividend date was Wednesday, February 21st. Global Ship Lease’s dividend payout ratio is currently 18.01%.

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.