B. Riley Increases Earnings Estimates for Global Ship Lease

Global Ship Lease, Inc. (NYSE:GSL) – Equities researchers at B. Riley boosted their FY2025 EPS estimates for shares of Global Ship Lease in a report issued on Tuesday, November 12th. B. Riley analyst L. Burke now expects that the shipping company will earn $9.74 per share for the year, up from their prior estimate of $9.67. The consensus estimate for Global Ship Lease’s current full-year earnings is $9.85 per share.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $29.00 target price on shares of Global Ship Lease in a report on Monday. Clarkson Capital downgraded shares of Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Thursday. Finally, StockNews.com downgraded shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 25th.

Global Ship Lease Stock Performance

NYSE GSL opened at $23.37 on Thursday. The stock has a 50-day moving average of $24.54 and a 200 day moving average of $25.94. Global Ship Lease has a twelve month low of $17.47 and a twelve month high of $30.32. The stock has a market capitalization of $861.42 million, a price-to-earnings ratio of 2.70 and a beta of 1.62. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40.

Global Ship Lease (NYSE:GSL) last released its earnings results on Monday, November 11th. The shipping company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.02. Global Ship Lease had a return on equity of 28.59% and a net margin of 46.38%. The firm had revenue of $174.06 million for the quarter, compared to the consensus estimate of $175.83 million. During the same period in the prior year, the firm earned $2.33 EPS.

Institutional Trading of Global Ship Lease

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in Global Ship Lease by 3,779.3% in the second quarter. Acadian Asset Management LLC now owns 1,508,898 shares of the shipping company’s stock valued at $43,406,000 after purchasing an additional 1,470,002 shares during the last quarter. Donald Smith & CO. Inc. raised its position in Global Ship Lease by 62.0% in the first quarter. Donald Smith & CO. Inc. now owns 2,533,701 shares of the shipping company’s stock worth $51,434,000 after acquiring an additional 969,536 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Global Ship Lease by 275.5% during the 2nd 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. Harbor Capital Advisors Inc. increased its stake in Global Ship Lease by 147.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 506,085 shares of the shipping company’s stock worth $13,487,000 after purchasing an additional 301,280 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Global Ship Lease by 97.9% during the 2nd quarter. Renaissance Technologies LLC now owns 557,050 shares of the shipping company’s stock valued at $16,037,000 after purchasing an additional 275,500 shares during the period. 50.08% of the stock is owned by hedge funds and other institutional investors.

Global Ship Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.70%. The ex-dividend date is Friday, November 22nd. Global Ship Lease’s dividend payout ratio (DPR) is presently 16.61%.

Global Ship Lease Company 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.