Global Ship LeaseGSL
GSL
About: Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 containerships.
Employees: 7
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
261% more call options, than puts
Call options by funds: $37.9M | Put options by funds: $10.5M
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 56
4% less funds holding
Funds holding: 163 [Q2] → 157 (-6) [Q3]
6.39% less ownership
Funds ownership: 64.05% [Q2] → 57.66% (-6.39%) [Q3]
16% less capital invested
Capital invested by funds: $647M [Q2] → $541M (-$106M) [Q3]
19% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 31
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$29
36%
upside
Avg. target
$29
36%
upside
High target
$29
36%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jefferies Omar Nokta 14% 1-year accuracy 8 / 57 met price target | 36%upside $29 | Buy Maintained | 11 Nov 2024 |
Financial journalist opinion
Based on 4 articles about GSL published over the past 30 days
Positive
Seeking Alpha
6 days ago
Global Ship Lease: A Solid Journey Across A Sea With Predictable Revenues
Global Ship Lease offers strong cash flow predictability with long-term contracts, high margins, and robust cash generation, making it an excellent investment opportunity. GSL's effective debt management and reduced break-even rates highlight the company's financial strength and operational efficiency. The company has secured $1.8 billion in future contracts, representing 156% of its enterprise value, ensuring profitability and safety.
Positive
Seeking Alpha
6 days ago
Global Ship Lease: Common Shares Are Getting More Interesting Than Preferreds
GSL's preferred shares are trading at a pretty substantial premium to their $25 call value. The common shares lost 30% of their value in the past few quarters. Although (container) shipping remains very cyclical, I'm warming up again to the common shares.
Neutral
GlobeNewsWire
2 weeks ago
Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares
ATHENS, Greece, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that the Company's Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”) (NYSE:GSLPrB). The dividend represents payment for the period from October 1, 2024 to December 31, 2024 and will be paid on January 2, 2025 to all Series B Preferred Shareholders of record as of December 19, 2024.
Neutral
GlobeNewsWire
2 weeks ago
Global Ship Lease Announces Agreement to Acquire Four High-Reefer ECO Containerships on Multi-Year Charters, with 10-Year Financing Committed
Addition of 4x 2015/2016-built, immediately cash-generative post-panamax vessels, purchased from non-conventional seller at a 30+% discount to open-market charter-free values, consistent with strict investment criteria and strategy of fleet renewal and selective growth
Neutral
Seeking Alpha
1 month ago
Global Ship Lease, Inc. (GSL) Q3 2024 Earnings Call Transcript
Global Ship Lease, Inc. (NYSE:GSL ) Q3 2024 Results Conference Call November 11, 2024 10:30 AM ET Company Participants Tom Lister - Chief Executive Officer Georgios Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Conference Call Participants Liam Burke - B. Riley Omar Nokta - Jefferies Climent Molins - Value Investor's Edge Operator Thank you for standing by.
Positive
Zacks Investment Research
1 month ago
Global Ship Lease (GSL) Q3 Earnings Beat Estimates
Global Ship Lease (GSL) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.43 per share. This compares to earnings of $2.33 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Global Ship Lease Reports Results for the Third Quarter of 2024
Forward contract cover locked in for 76% of 2025 days and 49% of 2026 days, and breakevens reduced to enhance through-cycle profitability and cashflow generation, supporting annualized dividend of $1.80 while also positioning for selective fleet renewal and growth
Positive
Zacks Investment Research
1 month ago
Global Ship Lease (GSL) Reports Next Week: Wall Street Expects Earnings Growth
Global Ship Lease (GSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
GlobeNewsWire
1 month ago
Global Ship Lease Announces Third Quarter 2024 Earnings Release, Conference Call and Webcast
ATHENS, Greece, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the Company's results for the third quarter 2024 on Monday, November 11, 2024 at 10:30 a.m. Eastern Time. The Company will issue financial results for the third quarter 2024 on Monday, November 11, 2024 before the open of market trading.
Positive
Seeking Alpha
2 months ago
Global Ship Lease: Containership Market Update (Podcast Transcript)
J Mintzmyer and Value Investor's Edge Live hosted the Global Ship Lease management team for an exclusive interview on Sept. 19. GSL owns a large containership fleet and the management team has strong insights into current market conditions. We discussed ongoing disruptions, potential catalysts ahead, and the surprising strength in the ship chartering market.
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