Key Points
- Insider sale: Georgios Giannopoulos sold 7,692 shares on April 7 at an average price of $38.51, totaling about $296,219, according to an SEC filing.
- Recent results and metrics: GSL reported Q EPS of $2.32 (beating estimates) and revenue of $190.95M, with strong profitability (net margin 54.33%, ROE 22.35%), a market cap of $1.37B and a PE of 3.36, trading in a 52‑week range of $18.67–$41.40.
- Dividend and analyst view: The company pays a quarterly dividend of $0.625 (annual $2.50) for a ~6.5% yield and 21.95% payout ratio, while analyst ratings are mixed (consensus "Hold" with an average target of $38.33 and divergent calls including B. Riley's $48 target and at least one "strong sell").
Global Ship Lease, Inc. (NYSE:GSL - Get Free Report) insider Georgios Giannopoulos sold 7,692 shares of the company's stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $38.51, for a total value of $296,218.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Global Ship Lease Stock Performance
GSL opened at $38.26 on Friday. Global Ship Lease, Inc. has a 52-week low of $18.67 and a 52-week high of $41.40. The firm has a market capitalization of $1.37 billion, a PE ratio of 3.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.00 and a current ratio of 2.04. The business's 50-day simple moving average is $38.35 and its 200 day simple moving average is $35.02.
Global Ship Lease (NYSE:GSL - Get Free Report) last released its earnings results on Thursday, March 5th. The shipping company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.01. The business had revenue of $190.95 million for the quarter, compared to analyst estimates of $188.39 million. Global Ship Lease had a return on equity of 22.35% and a net margin of 54.33%.The company's revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Global Ship Lease, Inc. will post 9.74 earnings per share for the current fiscal year.
Global Ship Lease Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Global Ship Lease's payout ratio is 21.95%.
Institutional Investors Weigh In On Global Ship Lease
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management bought a new stake in Global Ship Lease during the third quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in Global Ship Lease during the fourth quarter worth $29,000. EverSource Wealth Advisors LLC lifted its stake in Global Ship Lease by 77.2% during the third quarter. EverSource Wealth Advisors LLC now owns 989 shares of the shipping company's stock worth $30,000 after purchasing an additional 431 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Global Ship Lease in the 4th quarter valued at $35,000. Finally, SHP Wealth Management bought a new position in shares of Global Ship Lease in the 4th quarter valued at $35,000. 50.08% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Zacks Research downgraded Global Ship Lease from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 19th. Weiss Ratings reissued a "buy (b)" rating on shares of Global Ship Lease in a research report on Thursday, January 22nd. Wall Street Zen downgraded Global Ship Lease from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Finally, B. Riley Financial upped their target price on Global Ship Lease from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Global Ship Lease currently has an average rating of "Hold" and a consensus price target of $38.33.
View Our Latest Report on Global Ship Lease
Global Ship Lease Company Profile
(
Get Free Report)
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.
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