ValuEngine Lowers Global Ship Lease (GSL) to Strong Sell
Separately, Clarkson Capital assumed coverage on shares of Global Ship Lease in a research report on Tuesday, April 9th. They set a buy rating and a $9.00 price target on the stock.
Shares of NYSE:GSL opened at $6.61 on Friday. The stock has a market cap of $66.51 million, a PE ratio of 3.76, a PEG ratio of 0.72 and a beta of 0.87. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 2.44. Global Ship Lease has a 12 month low of $4.00 and a 12 month high of $11.60.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clear Harbor Asset Management LLC purchased a new position in shares of Global Ship Lease during the first quarter valued at about $101,000. Deutsche Bank AG purchased a new position in shares of Global Ship Lease during the fourth quarter valued at about $186,000. Finally, B. Riley Financial Inc. increased its position in shares of Global Ship Lease by 38.4% during the fourth quarter. B. Riley Financial Inc. now owns 417,914 shares of the shipping company’s stock valued at $259,000 after buying an additional 115,980 shares during the period. Institutional investors own 4.65% of the company’s stock.
Global Ship Lease Company Profile
Global Ship Lease, Inc owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of December 31, 2018, it owned 38 vessels with a total capacity of 200,615 twenty-foot equivalent units. The company is based in London, the United Kingdom.
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