Susquehanna Fundamental Investments LLC Purchases Shares of 90,884 Global Ship Lease, Inc. (NYSE:GSL)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Global Ship Lease, Inc. (NYSE:GSL) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 90,884 shares of the shipping company’s stock, valued at approximately $2,617,000.

Other hedge funds have also modified their holdings of the company. Mackenzie Financial Corp acquired a new position in shares of Global Ship Lease in the 2nd quarter valued at $1,980,000. Point72 Hong Kong Ltd purchased a new stake in Global Ship Lease during the second quarter valued at about $210,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Global Ship Lease by 74.5% in the second quarter. Cubist Systematic Strategies LLC now owns 197,836 shares of the shipping company’s stock worth $5,696,000 after buying an additional 84,455 shares during the period. Marshall Wace LLP increased its position in shares of Global Ship Lease by 275.5% in the second quarter. Marshall Wace LLP now owns 1,068,524 shares of the shipping company’s stock worth $30,763,000 after acquiring an additional 783,963 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Global Ship Lease during the second quarter valued at approximately $268,000. 50.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on GSL shares. StockNews.com upgraded shares of Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 11th. Jefferies Financial Group reiterated a “buy” rating and set a $29.00 price target on shares of Global Ship Lease in a report on Monday, August 5th. Finally, Clarkson Capital upgraded Global Ship Lease from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th.

Global Ship Lease Stock Up 1.8 %

Global Ship Lease stock opened at $26.65 on Tuesday. Global Ship Lease, Inc. has a twelve month low of $16.80 and a twelve month high of $30.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.42. The firm has a market cap of $937.76 million, a PE ratio of 3.01 and a beta of 1.60. The firm’s 50 day moving average price is $25.34 and its two-hundred day moving average price is $25.16.

Global Ship Lease (NYSE:GSL) last posted its quarterly earnings results on Monday, August 5th. The shipping company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.19. The business had revenue of $175.00 million for the quarter, compared to the consensus estimate of $172.07 million. Global Ship Lease had a net margin of 46.90% and a return on equity of 28.92%. During the same period in the prior year, the business posted $2.09 earnings per share. On average, research analysts predict that Global Ship Lease, Inc. will post 9.9 EPS for the current fiscal year.

Global Ship Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.45 per share. The ex-dividend date was Friday, August 23rd. This is an increase from Global Ship Lease’s previous quarterly dividend of $0.38. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.75%. Global Ship Lease’s dividend payout ratio (DPR) 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.