Global Ship Lease, Inc. (NYSE:GSL) Receives $40.33 Average PT from Brokerages

by · The Cerbat Gem

Global Ship Lease, Inc. (NYSE:GSLGet Free Report) has been assigned a consensus recommendation of “Buy” from the five analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $46.50.

GSL has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Global Ship Lease in a research report on Tuesday, April 21st. Fearnley Fonds raised shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Wall Street Zen cut shares of Global Ship Lease from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Jefferies Financial Group started coverage on shares of Global Ship Lease in a report on Friday, April 24th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Zacks Research upgraded shares of Global Ship Lease from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th.

Get Our Latest Stock Report on Global Ship Lease

Global Ship Lease Price Performance

Shares of NYSE:GSL opened at $37.59 on Wednesday. The company’s fifty day moving average price is $39.13 and its 200-day moving average price is $37.26. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 3.57 and a beta of 0.96. Global Ship Lease has a one year low of $24.45 and a one year high of $42.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.04 and a quick ratio of 2.00.

Global Ship Lease (NYSE:GSLGet Free Report) last announced its quarterly earnings data on Friday, May 22nd. The shipping company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.16. The company had revenue of $198.08 million during the quarter, compared to analysts’ expectations of $182.87 million. Global Ship Lease had a net margin of 50.01% and a return on equity of 21.59%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Global Ship Lease will post 9.68 earnings per share for the current fiscal year.

Global Ship Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, May 22nd will be issued a $0.625 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.50 annualized dividend and a yield of 6.7%. Global Ship Lease’s dividend payout ratio is 23.74%.

Insider Buying and Selling

In other Global Ship Lease news, insider Georgios Giannopoulos sold 7,692 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $38.51, for a total value of $296,218.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP raised its holdings in Global Ship Lease by 2.7% in the 3rd quarter. Two Sigma Investments LP now owns 626,787 shares of the shipping company’s stock worth $19,242,000 after purchasing an additional 16,188 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Global Ship Lease by 5.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 613,287 shares of the shipping company’s stock worth $16,136,000 after purchasing an additional 31,047 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Global Ship Lease by 23.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 567,442 shares of the shipping company’s stock worth $17,420,000 after purchasing an additional 107,651 shares in the last quarter. CSM Advisors LLC raised its holdings in Global Ship Lease by 3.0% in the 4th quarter. CSM Advisors LLC now owns 446,060 shares of the shipping company’s stock worth $15,629,000 after purchasing an additional 13,141 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Global Ship Lease in the 1st quarter worth $12,681,000. 50.08% of the stock is currently owned by institutional investors.

Global Ship Lease Company Profile

(Get Free Report)

Global Ship Lease (NYSE: GSL) is a Bermuda-based containership charter owner focused on acquiring, owning and leasing modern, fuel-efficient vessels to major liner operators. Founded in 2011 and listed on the New York Stock Exchange the same year, the company’s fleet primarily comprises post-Panamax containerships designed to serve the high-volume Asia–Europe and transpacific shipping lanes. By specializing in long-term charter agreements, Global Ship Lease aims to maintain stable revenue streams and minimize spot-market volatility.

The company’s business model centers on negotiating multi-year time charters with leading global shipping lines.

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