Global Ship Lease, Inc. (NYSE:GSL) Stock Holdings Decreased by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its stake in shares of Global Ship Lease, Inc. (NYSE:GSL - Free Report) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 708,600 shares of the shipping company's stock after selling 15,900 shares during the quarter. Two Sigma Advisers LP owned 1.92% of Global Ship Lease worth $15,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its position in Global Ship Lease by 6,856.5% during 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. SBI Securities Co. Ltd. acquired a new position in Global Ship Lease during the fourth quarter worth approximately $37,000. Steward Partners Investment Advisory LLC acquired a new position in Global Ship Lease during the fourth quarter worth approximately $46,000. R Squared Ltd acquired a new position in Global Ship Lease during the fourth quarter worth approximately $50,000. Finally, WealthCollab LLC increased its position in Global Ship Lease by 64.1% during the fourth quarter. WealthCollab LLC now owns 2,615 shares of the shipping company's stock worth $57,000 after purchasing an additional 1,021 shares during the last quarter. 50.08% of the stock is currently owned by institutional investors and hedge funds.

Global Ship Lease Stock Performance

NYSE:GSL traded up $0.53 during mid-day trading on Tuesday, hitting $25.01. The stock had a trading volume of 125,434 shares, compared to its average volume of 414,559. The stock has a market capitalization of $886.53 million, a price-to-earnings ratio of 2.77 and a beta of 1.10. The company has a 50 day simple moving average of $22.03 and a 200-day simple moving average of $22.15. Global Ship Lease, Inc. has a 52 week low of $17.73 and a 52 week high of $30.32. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38.

Global Ship Lease (NYSE:GSL - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The shipping company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.38. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. The firm had revenue of $190.98 million for the quarter, compared to the consensus estimate of $171.73 million. During the same period last year, the firm posted $2.53 EPS. On average, research analysts expect that Global Ship Lease, Inc. will post 9.74 earnings per share for the current fiscal year.

Global Ship Lease Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Friday, May 23rd will be issued a $0.525 dividend. This is an increase from Global Ship Lease's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.40%. The ex-dividend date of this dividend is Friday, May 23rd. Global Ship Lease's payout ratio is presently 19.83%.

Wall Street Analysts Forecast Growth

GSL has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on shares of Global Ship Lease from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Clarkson Capital lowered shares of Global Ship Lease from a "strong-buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Global Ship Lease from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Global Ship Lease 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.