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

Global Ship Lease, Inc. (NYSE:GSL) posted 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 0.2991% during mid-day trading on Friday, reaching $1.1665. The company’s stock had a trading volume of 71,418 shares. The stock’s market cap is $64.14 million. Global Ship Lease has a one year low of $0.97 and a one year high of $4.50. The firm’s 50 day moving average is $1.24 and its 200-day moving average is $1.33.

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A hedge fund recently raised its stake in Global Ship Lease stock. Renaissance Technologies LLC increased its position in Global Ship Lease, Inc. (NYSE:GSL) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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. 5.34% of the stock is currently owned by institutional investors.

About Global Ship Lease

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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