Crescent Grove Advisors LLC Has $5.24 Million Stock Position in Global Ship Lease, Inc. $GSL

Crescent Grove Advisors LLC grew its holdings in shares of Global Ship Lease, Inc. (NYSE:GSL) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,471 shares of the shipping company’s stock after buying an additional 16,600 shares during the quarter. Crescent Grove Advisors LLC owned 0.42% of Global Ship Lease worth $5,237,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Samalin Investment Counsel LLC grew its holdings in shares of Global Ship Lease by 1.3% during the fourth quarter. Samalin Investment Counsel LLC now owns 23,127 shares of the shipping company’s stock valued at $810,000 after buying an additional 291 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Global Ship Lease by 77.2% during the third quarter. EverSource Wealth Advisors LLC now owns 989 shares of the shipping company’s stock valued at $30,000 after buying an additional 431 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Global Ship Lease by 5.2% during the third quarter. Parallel Advisors LLC now owns 9,827 shares of the shipping company’s stock valued at $302,000 after purchasing an additional 485 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Global Ship Lease by 29.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,179 shares of the shipping company’s stock valued at $67,000 after purchasing an additional 490 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Global Ship Lease by 0.7% during the third quarter. Moors & Cabot Inc. now owns 83,650 shares of the shipping company’s stock valued at $2,568,000 after purchasing an additional 600 shares in the last quarter. 50.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GSL shares. Jefferies Financial Group started coverage on shares of Global Ship Lease in a research report on Friday, April 24th. They set a “buy” rating and a $45.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Global Ship Lease in a research report on Tuesday, April 21st. B. Riley Financial raised their price target on shares of Global Ship Lease from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Zacks Research raised shares of Global Ship Lease from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Fearnley Fonds raised shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $46.50.

Global Ship Lease Stock Performance

Shares of GSL stock opened at $37.46 on Thursday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 3.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.21 and a current ratio of 2.26. The firm’s 50-day simple moving average is $39.00 and its two-hundred day simple moving average is $37.42. Global Ship Lease, Inc. has a 52 week low of $25.11 and a 52 week high of $42.70.

Global Ship Lease (NYSE:GSL) last posted its earnings results on Friday, May 22nd. The shipping company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.16. The firm had revenue of $198.08 million during the quarter, compared to the consensus estimate of $182.87 million. Global Ship Lease had a net margin of 50.01% and a return on equity of 21.11%. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Global Ship Lease, Inc. will post 9.5 earnings per share for the current year.

Global Ship Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 22nd were paid a $0.625 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.50 annualized dividend and a dividend yield of 6.7%. Global Ship Lease’s dividend payout ratio (DPR) is presently 23.74%.

Insider Buying and Selling at Global Ship Lease

In other news, insider Georgios Giannopoulos sold 7,692 shares of Global Ship Lease stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $38.51, for a total value of $296,218.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.40% of the stock is owned by insiders.

Global Ship Lease Profile

Global Ship Lease (NYSE: GSL) is a Bermuda-based containership charter owner focused on acquiring, owning and leasing modern, fuel-efficient vessels to major liner operators. Founded in 2011 and listed on the New York Stock Exchange the same year, the company’s fleet primarily comprises post-Panamax containerships designed to serve the high-volume Asia–Europe and transpacific shipping lanes. By specializing in long-term charter agreements, Global Ship Lease aims to maintain stable revenue streams and minimize spot-market volatility.

The company’s business model centers on negotiating multi-year time charters with leading global shipping lines.