WINTON GROUP Ltd Makes New Investment in Global Ship Lease, Inc. $GSL

WINTON GROUP Ltd purchased a new position in shares of Global Ship Lease, Inc. (NYSE:GSL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,079 shares of the shipping company’s stock, valued at approximately $949,000.

Several other hedge funds also recently modified their holdings of GSL. Triumph Capital Management acquired a new stake in shares of Global Ship Lease during the 3rd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Global Ship Lease during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Global Ship Lease by 77.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the shipping company’s stock worth $30,000 after acquiring an additional 431 shares during the period. LOM Asset Management Ltd purchased a new position in shares of Global Ship Lease during the 4th quarter worth about $49,000. Finally, Strengthening Families & Communities LLC purchased a new position in shares of Global Ship Lease during the 4th quarter worth about $55,000. 50.08% of the stock is owned by institutional investors and hedge funds.

Global Ship Lease Stock Performance

Global Ship Lease stock opened at $38.52 on Wednesday. The company has a market cap of $1.38 billion, a PE ratio of 3.66 and a beta of 0.92. The company has a fifty day moving average price of $39.00 and a two-hundred day moving average price of $37.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.26 and a quick ratio of 2.21. Global Ship Lease, Inc. has a 12 month low of $25.15 and a 12 month high of $42.70.

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

Global Ship Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were paid a $0.625 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.50 dividend on an annualized basis and a yield of 6.5%. Global Ship Lease’s dividend payout ratio (DPR) is currently 23.74%.

Analyst Ratings Changes

GSL has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Global Ship Lease in a report on Friday, April 24th. They issued a “buy” rating and a $45.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Global Ship Lease in a report on Tuesday, April 21st. Wall Street Zen raised 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 report on Thursday, April 30th. Finally, B. Riley Financial upped their price target on shares of Global Ship Lease from $42.00 to $48.00 and gave the company a “buy” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $46.50.

Insiders Place Their Bets

In other Global Ship Lease news, insider Georgios Giannopoulos sold 7,692 shares of Global Ship Lease stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $38.51, for a total transaction of $296,218.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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.