Campbell & CO Investment Adviser LLC Purchases 7,662 Shares of Global Ship Lease, Inc. $GSL

Campbell & CO Investment Adviser LLC grew its holdings in Global Ship Lease, Inc. (NYSE:GSL) by 47.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,712 shares of the shipping company’s stock after purchasing an additional 7,662 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.07% of Global Ship Lease worth $624,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GSL. Envestnet Asset Management Inc. grew its holdings in Global Ship Lease by 9.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 22,012 shares of the shipping company’s stock valued at $503,000 after buying an additional 1,988 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Global Ship Lease by 61.2% in the first quarter. Cerity Partners LLC now owns 21,156 shares of the shipping company’s stock valued at $483,000 after acquiring an additional 8,033 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Global Ship Lease by 41.9% in the first quarter. SBI Securities Co. Ltd. now owns 2,430 shares of the shipping company’s stock worth $56,000 after acquiring an additional 717 shares during the last quarter. Foundry Partners LLC increased its position in Global Ship Lease by 1.5% during the first quarter. Foundry Partners LLC now owns 511,215 shares of the shipping company’s stock worth $11,681,000 after acquiring an additional 7,470 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Global Ship Lease during the 1st quarter valued at $204,000. Institutional investors and hedge funds own 50.08% of the company’s stock.

Global Ship Lease Stock Performance

NYSE:GSL opened at $34.51 on Friday. The firm has a market capitalization of $1.23 billion, a PE ratio of 3.20 and a beta of 1.20. The company has a quick ratio of 1.94, a current ratio of 2.01 and a debt-to-equity ratio of 0.37. Global Ship Lease, Inc. has a 12-month low of $17.73 and a 12-month high of $34.84. The firm has a 50-day moving average price of $30.82 and a 200 day moving average price of $28.30.

Global Ship Lease (NYSE:GSL) last released its quarterly earnings data on Monday, November 10th. The shipping company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. Global Ship Lease had a return on equity of 24.81% and a net margin of 53.09%.The company had revenue of $192.67 million for the quarter, compared to the consensus estimate of $180.36 million. The firm’s revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Global Ship Lease, Inc. will post 9.74 earnings per share for the current fiscal year.

Global Ship Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.625 per share. This is an increase from Global Ship Lease’s previous quarterly dividend of $0.55. This represents a $2.50 annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, November 21st. Global Ship Lease’s dividend payout ratio is currently 22.44%.

Wall Street Analyst Weigh In

Several research firms have issued reports on GSL. Weiss Ratings restated a “buy (b)” rating on shares of Global Ship Lease in a research report on Wednesday, October 8th. Wall Street Zen raised Global Ship Lease from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Jefferies Financial Group boosted their price target on Global Ship Lease from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, Zacks Research upgraded Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $33.50.

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.