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 6,823 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
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
4% less funds holding
Funds holding: 163 [Q2] → 157 (-6) [Q3]
6.37% less ownership
Funds ownership: 65.14% [Q2] → 58.76% (-6.37%) [Q3]
16% less capital invested
Capital invested by funds: $658M [Q2] → $551M (-$106M) [Q3]
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 30% 1-year accuracy 17 / 57 met price target | 36%upside $29 | Buy Maintained | 11 Nov 2024 |
Financial journalist opinion
Based on 5 articles about GSL published over the past 30 days
Positive
Seeking Alpha
1 day ago
Global Ship Lease: 8%+ Yield, Still Very Undervalued
GSL offers high yield income with $1.8B in contracted revenues and a well-covered dividend yield of 8.42%. GSL's strategic focus on mid-size and smaller container ships, including high-reefer vessels, positions it well in the market. Despite recent price declines, GSL's strong earnings, declining debt leverage, and low valuations make it a speculative Buy.
Negative
Market Watch
1 week ago
Tariffs, Trump and China: What 2025 holds for shipping stocks
The shipping industry enters 2025 with tariffs on the horizon as President-elect Donald Trump prepares to take office.
Positive
Zacks Investment Research
1 week ago
Are Investors Undervaluing Global Ship Lease (GSL) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Seeking Alpha
2 weeks ago
Global Ship Lease: Undervalued In Current Market
Global Ship Lease: Undervalued In Current Market
Positive
Zacks Investment Research
2 weeks ago
Best Income Stocks to Buy for January 2nd
GSL, SUN and GPRK made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 2, 2024.
Positive
Seeking Alpha
1 month 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
1 month 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
1 month 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
1 month 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
2 months 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.
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