Global Ship Lease Inc. (NYSE:GSL) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Zacks has also assigned Global Ship Lease an industry rank of 217 out of 265 based on the ratings given to its competitors.
An institutional investor recently raised its position in Global Ship Lease stock. Franklin Resources Inc. boosted its position in Global Ship Lease Inc. (NYSE:GSL) by 120.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 550,000 shares of the company’s stock after buying an additional 300,000 shares during the period. Franklin Resources Inc. owned about 1.00% of Global Ship Lease worth $633,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.83% of the company’s stock.
Global Ship Lease (NYSE:GSL) opened at 1.66 on Monday. The firm’s 50 day moving average price is $1.68 and its 200 day moving average price is $1.52. The stock’s market cap is $91.24 million. Global Ship Lease has a 12 month low of $1.02 and a 12 month high of $4.82.
Global Ship Lease (NYSE:GSL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter. Global Ship Lease had a negative net margin of 12.44% and a positive return on equity of 5.61%. The business had revenue of $41.30 million for the quarter, compared to analyst estimates of $40.99 million. On average, equities research analysts predict that Global Ship Lease will post $0.35 EPS for the current fiscal year.
Global Ship Lease Company Profile
Global Ship Lease, Inc is a holding company and containership charter owner. The Company’s activity consists of the ownership and chartering out of containerships. It owns a fleet of containerships with a range of sizes. Its fleet comprises over 20 containerships, with a combined capacity of over 82,310 twenty-foot equivalent unit (TEU) and a weighted average age of over 11.0 years, and a non-weighted average age of over 11.3 years.
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