Quadrature Capital Ltd Trims Stock Holdings in Global Ship Lease, Inc. (NYSE:GSL)

Quadrature Capital Ltd trimmed its position in Global Ship Lease, Inc. (NYSE:GSL) by 21.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,245 shares of the shipping company’s stock after selling 13,374 shares during the period. Quadrature Capital Ltd’s holdings in Global Ship Lease were worth $1,019,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC grew 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 worth $40,000 after purchasing an additional 945 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Global Ship Lease by 150.2% in the 4th quarter. Quadrant Capital Group LLC now owns 7,186 shares of the shipping company’s stock worth $142,000 after acquiring an additional 4,314 shares during the last quarter. Clear Street Markets LLC purchased a new stake in shares of Global Ship Lease in the 4th quarter valued at $172,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Global Ship Lease during the 4th quarter valued at $201,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Global Ship Lease in the 4th quarter worth $218,000. 50.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GSL has been the topic of several analyst reports. StockNews.com downgraded shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group boosted their price objective on shares of Global Ship Lease from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, May 16th.

Global Ship Lease Trading Up 1.3 %

GSL traded up $0.33 during midday trading on Friday, reaching $25.46. 682,747 shares of the company’s stock traded hands, compared to its average volume of 445,176. The stock has a market capitalization of $895.94 million, a price-to-earnings ratio of 2.88 and a beta of 1.64. Global Ship Lease, Inc. has a 52 week low of $16.80 and a 52 week high of $30.32. The firm has a fifty day moving average of $27.93 and a two-hundred day moving average of $23.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 1.18.

Global Ship Lease (NYSE:GSL) last announced its earnings results on Thursday, May 16th. The shipping company reported $2.53 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 29.44% and a net margin of 46.30%. On average, equities analysts anticipate that Global Ship Lease, Inc. will post 9.52 earnings per share for the current fiscal year.

Global Ship Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 24th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend was Thursday, May 23rd. Global Ship Lease’s payout ratio is 16.95%.

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.