Aquatic Capital Management LLC Sells 17,317 Shares of Global Ship Lease, Inc. (NYSE:GSL)

Aquatic Capital Management LLC lowered its stake in Global Ship Lease, Inc. (NYSE:GSL - Free Report) by 47.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,983 shares of the shipping company's stock after selling 17,317 shares during the quarter. Aquatic Capital Management LLC owned about 0.05% of Global Ship Lease worth $414,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. DGS Capital Management LLC raised its holdings in shares of Global Ship Lease by 125.1% during the fourth quarter. DGS Capital Management LLC now owns 46,158 shares of the shipping company's stock worth $1,008,000 after purchasing an additional 25,651 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Global Ship Lease during the fourth quarter worth $37,000. Donald Smith & CO. Inc. increased its stake in shares of Global Ship Lease by 69.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,139,470 shares of the shipping company's stock worth $68,535,000 after acquiring an additional 1,281,941 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Global Ship Lease by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 391,053 shares of the shipping company's stock worth $10,422,000 after purchasing an additional 8,890 shares during the last quarter. Finally, Crescent Grove Advisors LLC raised its holdings in Global Ship Lease by 215.6% in the 4th quarter. Crescent Grove Advisors LLC now owns 29,789 shares of the shipping company's stock worth $650,000 after acquiring an additional 20,349 shares during the period. Institutional investors and hedge funds own 50.08% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GSL shares. StockNews.com downgraded shares of Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 7th. Clarkson Capital upgraded shares of Global Ship Lease from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group restated a "buy" rating and set a $29.00 target price on shares of Global Ship Lease in a report on Wednesday, March 5th.

Global Ship Lease Price Performance

Shares of GSL traded up $0.34 during trading hours on Thursday, hitting $21.79. 38,147 shares of the company were exchanged, compared to its average volume of 435,445. The firm's fifty day moving average is $21.64 and its 200 day moving average is $22.15. 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 fifty-two week low of $17.73 and a fifty-two week high of $30.32. The company has a market cap of $772.39 million, a price-to-earnings ratio of 2.41 and a beta of 1.10.

Global Ship Lease (NYSE:GSL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The shipping company reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.25. The firm had revenue of $182.43 million during the quarter, compared to analysts' expectations of $170.71 million. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. On average, equities analysts anticipate that Global Ship Lease, Inc. will post 9.74 earnings per share for the current fiscal year.

Global Ship Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were given a $0.45 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.80 annualized dividend and a yield of 8.26%. Global Ship Lease's payout ratio is currently 18.50%.

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.