Global Ship Lease, Inc. (NYSE:GSL) Posts Quarterly Earnings Results

Global Ship Lease, Inc. (NYSE:GSL) released its quarterly earnings data on Monday, July 31st. The shipping company reported $0.13 earnings per share for the quarter, Morningstar.com reports. The business had revenue of $40.26 million for the quarter. Global Ship Lease had a positive return on equity of 1.96% and a negative net margin of 38.68%.

Global Ship Lease (NYSE:GSL) traded down 1.8482% during trading on Friday, hitting $1.0993. The stock had a trading volume of 78,849 shares. Global Ship Lease has a 12-month low of $0.97 and a 12-month high of $4.50. The company’s market cap is $60.44 million. The company has a 50 day moving average of $1.25 and a 200-day moving average of $1.35.

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An institutional investor recently raised its position in Global Ship Lease stock. Renaissance Technologies LLC increased its stake in Global Ship Lease, Inc. (NYSE:GSL) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,205,700 shares of the shipping company’s stock after buying an additional 94,000 shares during the period. Renaissance Technologies LLC owned approximately 2.19% of Global Ship Lease worth $1,809,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 5.34% of the company’s stock.

Global Ship Lease Company Profile

Global Ship Lease, Inc is a holding company and containership charter owner. The Company’s activity consists of the ownership and chartering out of containerships. It owns a fleet of containerships with a range of sizes. Its fleet comprises over 20 containerships, with a combined capacity of over 82,310 twenty-foot equivalent unit (TEU) and a weighted average age of over 11.0 years, and a non-weighted average age of over 11.3 years.

Earnings History for Global Ship Lease (NYSE:GSL)

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