Quantbot Technologies LP Decreases Holdings in Global Ship Lease, Inc. (NYSE:GSL)

Quantbot Technologies LP lowered its position in Global Ship Lease, Inc. (NYSE:GSL) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,600 shares of the shipping company’s stock after selling 7,638 shares during the period. Quantbot Technologies LP owned approximately 0.12% of Global Ship Lease worth $952,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in Global Ship Lease in the third quarter valued at $712,000. DGS Capital Management LLC raised its position in 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 acquiring an additional 25,651 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Global Ship Lease in the fourth quarter valued at about $37,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Global Ship Lease in the third quarter valued at approximately $1,441,000. Finally, JPMorgan Chase & Co. raised its position 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. 50.08% of the stock is owned by hedge funds and other institutional investors.

Global Ship Lease Trading Down 0.9 %

Shares of GSL opened at $23.35 on Wednesday. Global Ship Lease, Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $30.32. The stock has a fifty day moving average of $22.30 and a two-hundred day moving average of $23.02. 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 has a market capitalization of $860.73 million, a PE ratio of 2.59 and a beta of 1.47.

Global Ship Lease (NYSE:GSL) last posted its quarterly earnings results on Wednesday, March 5th. The shipping company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.30 by $0.25. The company had revenue of $182.43 million during the quarter, compared to analysts’ expectations of $170.71 million. Global Ship Lease had a return on equity of 27.88% and a net margin of 46.38%. As a group, analysts forecast that Global Ship Lease, Inc. will post 9.74 EPS for the current year.

Global Ship Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.71%. The ex-dividend date was Monday, February 24th. Global Ship Lease’s dividend payout ratio (DPR) is 18.50%.

Analyst Ratings Changes

Several equities analysts have weighed in on GSL shares. Clarkson Capital raised Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com cut Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $29.00 target price on shares of Global Ship Lease in a report on Wednesday, March 5th.

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.