Nebula Research & Development LLC Purchases Shares of 21,338 Global Ship Lease, Inc. (NYSE:GSL)

Nebula Research & Development LLC purchased a new position in shares of Global Ship Lease, Inc. (NYSE:GSL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 21,338 shares of the shipping company's stock, valued at approximately $466,000. Nebula Research & Development LLC owned about 0.06% of Global Ship Lease as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. CIBC Private Wealth Group LLC raised its position in shares of Global Ship Lease by 6,856.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,600 shares of the shipping company's stock valued at $36,000 after purchasing an additional 1,577 shares during the period. SBI Securities Co. Ltd. bought a new stake in Global Ship Lease during the 4th quarter valued at $37,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Global Ship Lease during the fourth quarter worth $46,000. R Squared Ltd bought a new position in shares of Global Ship Lease in the fourth quarter worth $50,000. Finally, Pinnacle Holdings LLC boosted its holdings in shares of Global Ship Lease by 88.8% in the fourth quarter. Pinnacle Holdings LLC now owns 3,359 shares of the shipping company's stock worth $73,000 after acquiring an additional 1,580 shares during the period. Institutional investors own 50.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GSL. Clarkson Capital raised Global Ship Lease from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com lowered shares of Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group reaffirmed 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

Global Ship Lease stock traded up $0.07 during midday trading on Monday, hitting $22.03. 85,213 shares of the company's stock were exchanged, compared to its average volume of 436,893. The company has a market cap of $780.72 million, a P/E ratio of 2.44 and a beta of 1.21. 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 stock has a 50-day moving average price of $21.66 and a two-hundred day moving average price of $22.18. Global Ship Lease, Inc. has a 52-week low of $17.73 and a 52-week high of $30.32.

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

Global Ship Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.17%. The ex-dividend date was Monday, February 24th. Global Ship Lease's dividend payout ratio (DPR) is currently 18.50%.

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.