Kestra Private Wealth Services LLC Makes New $797,000 Investment in Global Ship Lease, Inc. (NYSE:GSL)

Kestra Private Wealth Services LLC acquired a new position in shares of Global Ship Lease, Inc. (NYSE:GSL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,212 shares of the shipping company's stock, valued at approximately $797,000. Kestra Private Wealth Services LLC owned about 0.11% of Global Ship Lease as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GSL. Whittier Trust Co. bought a new stake in shares of Global Ship Lease during the fourth quarter worth $40,000. Signaturefd LLC lifted its position in Global Ship Lease by 87.6% during the 4th quarter. Signaturefd LLC now owns 2,024 shares of the shipping company's stock valued at $40,000 after purchasing an additional 945 shares during the period. Kestra Advisory Services LLC lifted its position in Global Ship Lease by 12.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 11,808 shares of the shipping company's stock valued at $217,000 after purchasing an additional 1,264 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Global Ship Lease in the 4th quarter valued at about $218,000. Finally, MQS Management LLC acquired a new stake in shares of Global Ship Lease during the 3rd quarter worth approximately $221,000. Institutional investors and hedge funds own 50.08% of the company's stock.

Global Ship Lease Trading Down 0.1 %

Shares of GSL stock traded down $0.02 on Friday, reaching $23.14. The company had a trading volume of 512,620 shares, compared to its average volume of 781,602. The stock has a market cap of $814.30 million, a PE ratio of 2.78 and a beta of 1.46. The company has a 50-day moving average of $20.85 and a 200-day moving average of $19.86. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.52. Global Ship Lease, Inc. has a 12 month low of $16.80 and a 12 month high of $23.28.

Global Ship Lease (NYSE:GSL - Get Free Report) last issued its earnings results on Monday, March 4th. The shipping company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.34 by $0.15. Global Ship Lease had a net margin of 45.12% and a return on equity of 29.87%. The firm had revenue of $178.89 million during the quarter, compared to the consensus estimate of $171.54 million. During the same quarter in the prior year, the firm earned $2.14 earnings per share. On average, equities analysts forecast that Global Ship Lease, Inc. will post 9.4 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, March 6th. Shareholders of record on Thursday, February 22nd were paid a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.50 dividend on an annualized basis and a yield of 6.48%. Global Ship Lease's payout ratio is 18.01%.

Analyst Ratings Changes

A number of brokerages have issued reports on GSL. StockNews.com raised shares of Global Ship Lease from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Jefferies Financial Group restated a "buy" rating and issued a $25.00 price target on shares of Global Ship Lease in a research report on Monday, March 4th.

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.