SG Americas Securities LLC Boosts Stock Position in Global Ship Lease, Inc. $GSL

SG Americas Securities LLC increased its holdings in Global Ship Lease, Inc. (NYSE:GSL) by 225.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,168 shares of the shipping company’s stock after purchasing an additional 128,351 shares during the quarter. SG Americas Securities LLC’s holdings in Global Ship Lease were worth $6,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Global Ship Lease by 137.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 42,098 shares of the shipping company’s stock valued at $962,000 after purchasing an additional 24,333 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Global Ship Lease by 66.1% during the second quarter. Russell Investments Group Ltd. now owns 4,715 shares of the shipping company’s stock valued at $124,000 after buying an additional 1,877 shares during the period. Jump Financial LLC increased its stake in shares of Global Ship Lease by 88.2% during the second quarter. Jump Financial LLC now owns 51,616 shares of the shipping company’s stock valued at $1,358,000 after buying an additional 24,196 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Global Ship Lease by 4.7% during the second quarter. Qube Research & Technologies Ltd now owns 459,791 shares of the shipping company’s stock valued at $12,097,000 after acquiring an additional 20,819 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Global Ship Lease by 7.1% in the second quarter. NewEdge Advisors LLC now owns 16,927 shares of the shipping company’s stock worth $445,000 after acquiring an additional 1,127 shares during the period. Hedge funds and other institutional investors own 50.08% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on GSL shares. Zacks Research cut shares of Global Ship Lease from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Global Ship Lease from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. 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. B. Riley Financial lifted their target price on shares of Global Ship Lease from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Global Ship Lease in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Insider Buying and Selling

In other Global Ship Lease news, insider Georgios Giannopoulos sold 7,692 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $38.51, for a total transaction of $296,218.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Global Ship Lease Stock Down 0.4%

Shares of NYSE:GSL opened at $37.66 on Monday. The company has a current ratio of 2.26, a quick ratio of 2.21 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $39.08 and a two-hundred day simple moving average of $37.81. Global Ship Lease, Inc. has a 12-month low of $26.00 and a 12-month high of $42.70. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 3.58 and a beta of 0.92.

Global Ship Lease (NYSE:GSL) last released its earnings results on Friday, May 22nd. The shipping company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.16. Global Ship Lease had a return on equity of 21.11% and a net margin of 50.01%.The firm had revenue of $198.08 million for the quarter, compared to analysts’ expectations of $182.87 million. Global Ship Lease’s quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts anticipate that Global Ship Lease, Inc. will post 9.5 earnings per share for the current fiscal year.

Global Ship Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Friday, May 22nd. Global Ship Lease’s dividend payout ratio is 23.74%.

Global Ship Lease Profile

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.