Global Ship Lease, Inc. (NYSE:GSL – Get Free Report) CFO Anastasios Psaropoulos sold 1,670 shares of Global Ship Lease stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $45.03, for a total value of $75,200.10. Following the transaction, the chief financial officer owned 117,028 shares of the company’s stock, valued at $5,269,770.84. This trade represents a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Anastasios Psaropoulos also recently made the following trade(s):
- On Thursday, August 27th, Anastasios Psaropoulos sold 48,330 shares of Global Ship Lease stock. The stock was sold at an average price of $45.02, for a total value of $2,175,816.60.
Global Ship Lease Trading Down 1.1%
Shares of Global Ship Lease stock opened at $44.48 on Friday. The company has a market capitalization of $1.60 billion, a P/E ratio of 4.28 and a beta of 0.90. The stock has a fifty day simple moving average of $41.56 and a 200 day simple moving average of $39.80. Global Ship Lease, Inc. has a 12-month low of $27.28 and a 12-month high of $45.45. The company has a current ratio of 2.13, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27.
Global Ship Lease Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be paid a $0.625 dividend. The ex-dividend date is Friday, August 21st. This represents a $2.50 annualized dividend and a yield of 5.6%. Global Ship Lease’s dividend payout ratio (DPR) is 24.04%.
Hedge Funds Weigh In On Global Ship Lease
Several institutional investors have recently bought and sold shares of GSL. Donald Smith & CO. Inc. bought a new position in Global Ship Lease during the second quarter valued at $27,859,000. First Trust Advisors LP bought a new stake in shares of Global Ship Lease in the first quarter valued at $12,681,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Global Ship Lease in the first quarter valued at $10,790,000. Goldman Sachs Group Inc. lifted its position in shares of Global Ship Lease by 407.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 170,769 shares of the shipping company’s stock valued at $5,984,000 after buying an additional 137,113 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Global Ship Lease by 225.9% during the 1st quarter. SG Americas Securities LLC now owns 185,168 shares of the shipping company’s stock worth $6,894,000 after acquiring an additional 128,351 shares during the period. Hedge funds and other institutional investors own 50.08% of the company’s stock.
Analysts Set New Price Targets
GSL has been the topic of a number of research analyst reports. Wall Street Zen downgraded Global Ship Lease from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. B. Riley Financial lifted their price target on Global Ship Lease from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Global Ship Lease in a research report on Friday, July 17th. Zacks Research upgraded Global Ship Lease from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Jefferies Financial Group raised their target price on Global Ship Lease from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Global Ship Lease presently has a consensus rating of “Buy” and an average target price of $51.00.
View Our Latest Stock Analysis on GSL
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.
Further Reading
- Five stocks we like better than Global Ship Lease
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Global Ship Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Ship Lease and related companies with MarketBeat.com's FREE daily email newsletter.
