Healthcare of Ontario Pension Plan Trust Fund Has $5.37 Million Stake in Global Ship Lease, Inc. (NYSE:GSL)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in Global Ship Lease, Inc. (NYSE:GSL) by 65.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,300 shares of the shipping company’s stock after selling 490,300 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.75% of Global Ship Lease worth $5,365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. acquired a new position in Global Ship Lease in the fourth quarter valued at $40,000. Signaturefd LLC raised its holdings in shares of Global Ship Lease by 87.6% during the fourth 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. Quadrant Capital Group LLC raised its holdings in shares of Global Ship Lease by 150.2% during the fourth quarter. Quadrant Capital Group LLC now owns 7,186 shares of the shipping company’s stock valued at $142,000 after purchasing an additional 4,314 shares during the period. Clear Street Markets LLC acquired a new position in shares of Global Ship Lease during the fourth quarter valued at about $172,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Global Ship Lease during the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 50.08% of the company’s stock.

Global Ship Lease Trading Up 1.4 %

NYSE:GSL opened at $25.14 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 1.18. The firm has a 50-day moving average of $27.96 and a 200-day moving average of $23.50. The company has a market cap of $884.68 million, a PE ratio of 2.84 and a beta of 1.64. Global Ship Lease, Inc. has a one year low of $16.80 and a one year high of $30.32.

Global Ship Lease (NYSE:GSL) last posted its earnings results on Thursday, May 16th. The shipping company reported $2.53 EPS for the quarter, topping the consensus estimate of $2.34 by $0.19. The company had revenue of $179.56 million during the quarter, compared to the consensus estimate of $170.70 million. Global Ship Lease had a net margin of 46.30% and a return on equity of 29.44%. As a group, equities research analysts expect that Global Ship Lease, Inc. will post 9.52 EPS for the current fiscal year.

Global Ship Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 24th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend was Thursday, May 23rd. Global Ship Lease’s payout ratio is presently 16.95%.

Wall Street Analyst Weigh In

GSL has been the topic of several research reports. StockNews.com lowered shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Jefferies Financial Group upped their price objective on shares of Global Ship Lease from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, May 16th.

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.