Global Ship Lease, Inc. (NYSE:GSL) Shares Sold by Aquatic Capital Management LLC

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

Several other institutional investors have also recently added to or reduced their stakes in GSL. JPMorgan Chase & Co. boosted its stake in shares of Global Ship Lease by 2.3% during 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. Harbor Capital Advisors Inc. boosted its position in Global Ship Lease by 2.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 519,913 shares of the shipping company's stock worth $11,350,000 after acquiring an additional 13,828 shares during the last quarter. BluePath Capital Management LLC grew its stake in Global Ship Lease by 30.6% in the 4th quarter. BluePath Capital Management LLC now owns 32,146 shares of the shipping company's stock worth $713,000 after acquiring an additional 7,535 shares during the period. DGS Capital Management LLC raised its holdings in Global Ship Lease by 125.1% in the 4th quarter. DGS Capital Management LLC now owns 46,158 shares of the shipping company's stock valued at $1,008,000 after acquiring an additional 25,651 shares during the last quarter. Finally, Crescent Grove Advisors LLC lifted its stake in shares of Global Ship Lease by 215.6% during the 4th quarter. Crescent Grove Advisors LLC now owns 29,789 shares of the shipping company's stock worth $650,000 after purchasing an additional 20,349 shares during the period. Institutional investors and hedge funds own 50.08% of the company's stock.

Global Ship Lease Trading Down 0.6 %

Shares of GSL traded down $0.12 during trading hours on Wednesday, hitting $21.33. The stock had a trading volume of 140,024 shares, compared to its average volume of 436,063. Global Ship Lease, Inc. has a 12-month low of $17.73 and a 12-month high of $30.32. The firm has a market cap of $755.94 million, a P/E ratio of 2.36 and a beta of 1.10. 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 company's fifty day simple moving average is $21.64 and its 200 day simple moving average is $22.15.

Global Ship Lease (NYSE:GSL - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The shipping company reported $2.55 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $182.43 million for the quarter, compared to the consensus estimate of $170.71 million. Equities research analysts forecast that Global Ship Lease, Inc. will post 9.74 EPS for the current fiscal year.

Global Ship Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date was Monday, February 24th. Global Ship Lease's dividend payout ratio is presently 18.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Jefferies Financial Group reiterated a "buy" rating and issued a $29.00 target price on shares of Global Ship Lease in a research note on Wednesday, March 5th. Clarkson Capital raised shares of Global Ship Lease from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, StockNews.com cut shares of Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 7th.

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.