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Here's Why Global Ship Lease (GSL) Fell More Than Broader Market
Zacks Investment Research· 2024-03-14 22:56
Global Ship Lease (GSL) closed at $19.85 in the latest trading session, marking a -1.93% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.3%.Shares of the containership owner have depreciated by 0.78% over the course of the past month, underperforming the Transportation sector's gain of 3.75% and the S&P 500's gain of 4.42%.The investment community will be closely monitoring ...
Investors Heavily Search Global Ship Lease, Inc. (GSL): Here is What You Need to Know
Zacks Investment Research· 2024-03-13 14:05
Global Ship Lease (GSL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this containership owner have returned -1.7%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Transportation - Shipping industry, which Global Ship Lease falls in, has gained 2.1%. The key question now is: What could be the stock's future d ...
Global Ship Lease: Time To Sell The Preferreds (And Buy The Common Shares)
Seeking Alpha· 2024-03-12 14:30
oliver de la haye/iStock Editorial via Getty Images Introduction Global Ship Lease (NYSE:GSL) owned a fleet of 68 containerships at the end of 2023. It was still generating very strong cash flows thanks to its ability to sign new leases when the market peaked, and although I expected the charter rates to come down as some of the contracts will have to be renewed from this year on, the recent issues in and around the Red Sea have caused the charter rates to surge again and this puts Global Ship Lease in ...
Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares
Newsfilter· 2024-03-04 21:15
LONDON, March 04, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") 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 January 1, 2024 to March 31, 2024 and will be paid on April 2, 2024 to all Serie ...
Global Ship Lease(GSL) - 2023 Q4 - Earnings Call Presentation
2024-03-04 17:36
| 2Q 2023 Results | 4Q 2023 Results 1 ®Z GLOBAL SHIP LEASE 4 The financial information and data contained in this communication is unaudited. This communication includes certain numerical measures (including estimated financial information and presented as pro-forma financial measures) that are not derived in accordance with generally accepted accounting principles ("GAAP"), and which may be deemed to be non-GAAP financial measures within the meaning of Regulation G promulgated by the U.S. Securities & Exch ...
Global Ship Lease Reports Results for the Fourth Quarter of 2023
Newsfilter· 2024-03-04 13:00
LONDON, March 04, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company", "Global Ship Lease" or "GSL"), an owner of containerships, announced today its unaudited results for the three months and year ended December 31, 2023. Full Year and Fourth Quarter of 2023 Highlights - Reported operating revenue of $178.9 million for the fourth quarter of 2023, an increase of 8.4% on operating revenue of $165.0 million for the prior year period. For the year ended December 31, 2023, operating reven ...
Here is What to Know Beyond Why Global Ship Lease, Inc. (GSL) is a Trending Stock
Zacks Investment Research· 2024-02-29 15:06
Global Ship Lease (GSL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this containership owner have returned -5.6% over the past month versus the Zacks S&P 500 composite's +3.9% change. The Zacks Transportation - Shipping industry, to which Global Ship Lease belongs, has lost 0.9% over this period. Now the key question is: Where could the stock be heade ...
Global Ship Lease (GSL) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-02-27 23:51
The latest trading session saw Global Ship Lease (GSL) ending at $20.41, denoting a +1.09% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.37%.The containership owner's stock has dropped by 5.12% in the past month, falling short of the Transportation sector's gain of 3.15% and the S&P 500's gain of 3.8%.Investors will be eagerly watching for the performance of Global Ship ...
What's in Store for Global Ship Lease (GSL) in Q4 Earnings?
Zacks Investment Research· 2024-02-26 14:01
Global Ship Lease (GSL) is scheduled to release fourth-quarter 2023 results on Mar 4 before market open.GSL has consistently outperformed Zacks Consensus Estimates in each of the last four quarters, boasting an average positive surprise of 8.02%.Against this backdrop, let's discuss the factors likely to have influenced Global Ship Lease's December quarter performance.The prevailing bullish sentiment in the containership market stands as a significant financial boon for GSL and is likely to have caused a sur ...
Global Ship Lease (GSL) Stock Dips While Market Gains: Key Facts
Zacks Investment Research· 2024-02-21 23:51
The most recent trading session ended with Global Ship Lease (GSL) standing at $20.04, reflecting a -1.18% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.13% for the day. Meanwhile, the Dow experienced a rise of 0.13%, and the technology-dominated Nasdaq saw a decrease of 0.32%.Coming into today, shares of the containership owner had lost 2.31% in the past month. In that same time, the Transportation sector gained 3.14%, while the S&P 500 ga ...