DGS Capital Management LLC Purchases 25,651 Shares of Global Ship Lease, Inc. (NYSE:GSL)

DGS Capital Management LLC lifted its holdings in shares of Global Ship Lease, Inc. (NYSE:GSL) by 125.1% in the 4th quarter, Holdings Channel reports. The firm owned 46,158 shares of the shipping company’s stock after acquiring an additional 25,651 shares during the period. DGS Capital Management LLC’s holdings in Global Ship Lease were worth $1,008,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. BluePath Capital Management LLC grew its position in Global Ship Lease by 30.6% during the fourth quarter. BluePath Capital Management LLC now owns 32,146 shares of the shipping company’s stock valued at $713,000 after acquiring an additional 7,535 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Global Ship Lease by 2.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 519,913 shares of the shipping company’s stock valued at $11,350,000 after purchasing an additional 13,828 shares during the period. JPMorgan Chase & Co. lifted its holdings in Global Ship Lease by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 391,053 shares of the shipping company’s stock worth $10,422,000 after buying an additional 8,890 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Global Ship Lease during the third quarter valued at approximately $1,441,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Global Ship Lease in the 3rd quarter worth about $579,000. Institutional investors own 50.08% of the company’s stock.

Global Ship Lease Stock Performance

Shares of NYSE:GSL opened at $21.11 on Friday. The firm has a fifty day simple moving average of $22.01 and a two-hundred day simple moving average of $24.05. Global Ship Lease, Inc. has a 52 week low of $18.75 and a 52 week high of $30.32. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $778.19 million, a P/E ratio of 2.34 and a beta of 1.55.

Global Ship Lease (NYSE:GSL) last released its earnings results on Monday, November 11th. The shipping company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.02. Global Ship Lease had a return on equity of 27.88% and a net margin of 46.38%. The firm had revenue of $174.06 million for the quarter, compared to the consensus estimate of $175.83 million. During the same quarter in the previous year, the company posted $2.33 EPS. On average, analysts expect that Global Ship Lease, Inc. will post 9.79 earnings per share for the current fiscal year.

Global Ship Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 22nd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date of this dividend was Friday, November 22nd. Global Ship Lease’s dividend payout ratio is currently 19.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GSL shares. StockNews.com cut Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 25th. Jefferies Financial Group restated a “buy” rating and set a $29.00 target price on shares of Global Ship Lease in a research note on Monday, November 11th. Finally, Clarkson Capital downgraded shares of Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Thursday, November 14th.

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.