Y Intercept Hong Kong Ltd Has $3.35 Million Position in Global Ship Lease, Inc. $GSL

Y Intercept Hong Kong Ltd increased its stake in Global Ship Lease, Inc. (NYSE:GSL) by 35.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,933 shares of the shipping company’s stock after acquiring an additional 23,720 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.25% of Global Ship Lease worth $3,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GSL. Apollon Wealth Management LLC acquired a new stake in Global Ship Lease during the first quarter worth approximately $295,000. Ritholtz Wealth Management acquired a new position in shares of Global Ship Lease during the first quarter valued at about $203,000. SG Americas Securities LLC raised its stake in shares of Global Ship Lease by 225.9% in the first quarter. SG Americas Securities LLC now owns 185,168 shares of the shipping company’s stock worth $6,894,000 after purchasing an additional 128,351 shares during the last quarter. SHP Wealth Management bought a new position in Global Ship Lease during the 4th quarter valued at $35,000. Finally, DGS Capital Management LLC lifted its position in shares of Global Ship Lease by 19.1% during the fourth quarter. DGS Capital Management LLC now owns 46,459 shares of the shipping company’s stock valued at $1,628,000 after purchasing an additional 7,461 shares in the last quarter. Institutional investors own 50.08% of the company’s stock.

Global Ship Lease Stock Performance

Shares of Global Ship Lease stock traded up $0.12 during trading hours on Tuesday, reaching $39.11. The company had a trading volume of 50,569 shares, compared to its average volume of 346,276. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.26 and a quick ratio of 2.21. The firm has a market cap of $1.40 billion, a PE ratio of 3.72 and a beta of 0.90. Global Ship Lease, Inc. has a one year low of $26.80 and a one year high of $42.70. The business has a fifty day simple moving average of $39.06 and a 200 day simple moving average of $37.96.

Global Ship Lease (NYSE:GSL) last announced its quarterly earnings results on Friday, May 22nd. The shipping company reported $2.56 earnings per share for the quarter, beating the consensus estimate 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. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, 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 business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, May 22nd. Global Ship Lease’s dividend payout ratio (DPR) is currently 23.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research lowered Global Ship Lease from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 3rd. Jefferies Financial Group began coverage on Global Ship Lease in a research note on Friday, April 24th. They issued a “buy” rating and a $45.00 price objective for the company. Fearnley Fonds upgraded Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Global Ship Lease from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Global Ship Lease in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.50.

Global Ship Lease Company 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.