Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Global Ship Lease, Inc. (NYSE:GSL – Get Rating) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 158,471 shares of the shipping company's stock, valued at approximately $4,515,000. Raymond James Financial Services Advisors Inc. owned approximately 0.43% of Global Ship Lease as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GSL. Raymond James & Associates bought a new stake in shares of Global Ship Lease during the fourth quarter valued at about $300,000. Lazard Asset Management LLC raised its stake in shares of Global Ship Lease by 327.4% during the fourth quarter. Lazard Asset Management LLC now owns 3,295 shares of the shipping company's stock valued at $75,000 after purchasing an additional 2,524 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of Global Ship Lease during the fourth quarter valued at about $312,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Global Ship Lease by 26.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 666,394 shares of the shipping company's stock worth $14,987,000 after acquiring an additional 140,000 shares during the period. Finally, B. Riley Asset Management LLC acquired a new position in Global Ship Lease during the fourth quarter worth about $4,130,000. 65.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GSL. Jefferies Financial Group lifted their target price on Global Ship Lease from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 5th. StockNews.com lowered Global Ship Lease from a "buy" rating to a "hold" rating in a report on Thursday, July 21st.

Global Ship Lease Trading Up 1.1 %

Global Ship Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Tuesday, August 23rd were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $1.50 dividend on an annualized basis and a yield of 8.05%. Global Ship Lease's dividend payout ratio is currently 21.43%.

About Global Ship Lease

(Get Rating)

Global Ship Lease, Inc owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twenty-foot equivalent units. The company was founded in 2007 and is based in London, the United Kingdom.

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