BluePath Capital Management LLC Increases Holdings in Global Ship Lease, Inc. (NYSE:GSL)

BluePath Capital Management LLC raised its holdings in shares of Global Ship Lease, Inc. (NYSE:GSL) by 30.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,146 shares of the shipping company’s stock after acquiring an additional 7,535 shares during the quarter. BluePath Capital Management LLC owned approximately 0.09% of Global Ship Lease worth $713,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Simplicity Wealth LLC lifted its stake in Global Ship Lease by 3.2% during the third quarter. Simplicity Wealth LLC now owns 16,236 shares of the shipping company’s stock worth $433,000 after purchasing an additional 505 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Global Ship Lease by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 33,150 shares of the shipping company’s stock worth $883,000 after buying an additional 700 shares during the last quarter. Quarry LP boosted its holdings in shares of Global Ship Lease by 75.0% in the 3rd quarter. Quarry LP now owns 3,495 shares of the shipping company’s stock valued at $93,000 after buying an additional 1,498 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Global Ship Lease by 5.7% in the 3rd quarter. Janus Henderson Group PLC now owns 46,179 shares of the shipping company’s stock valued at $1,231,000 after buying an additional 2,478 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its position in shares of Global Ship Lease by 6.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 40,578 shares of the shipping company’s stock valued at $1,081,000 after buying an additional 2,591 shares during the last quarter. Hedge funds and other institutional investors own 50.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Global Ship Lease Stock Down 1.0 %

Shares of NYSE:GSL opened at $22.13 on Thursday. Global Ship Lease, Inc. has a 1-year low of $18.75 and a 1-year high of $30.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.58. The stock has a market cap of $815.71 million, a P/E ratio of 2.45 and a beta of 1.55. The firm has a fifty day moving average price of $22.37 and a 200 day moving average price of $24.35.

Global Ship Lease (NYSE:GSL) last announced its earnings results on Monday, November 11th. The shipping company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. The business had revenue of $174.06 million during the quarter, compared to analysts’ expectations of $175.83 million. During the same period in the prior year, the company earned $2.33 earnings per share. Sell-side analysts predict that Global Ship Lease, Inc. will post 9.79 EPS for the current year.

Global Ship Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 22nd were paid a $0.45 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 8.13%. Global Ship Lease’s dividend payout ratio (DPR) is currently 19.93%.

Global Ship Lease 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.