Eye Catching Stock: Global Ship Lease (NYSE:GSL)
Global Ship Lease (NYSE:GSL) changed -1.95% to recent value of $6.52. The stock transacted 14019 shares during most recent day however it has an average volume of 18.86K shares. It spotted trading -41.79% off 52-week high price. On the other end, the stock has been noted 62.93% away from the low price over the last 52-weeks.
On Sept. 05, 2019, Global Ship Lease (NYSE:GSL) disclosed 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 July 1, 2019 to September 30, 2019 and will be paid on October 1, 2019 to all Series B Preferred Shareholders of record as of September 24, 2019.
About Global Ship Lease
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.
Global Ship Lease owns 39 ships and has contracted to purchase a further two ships, ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 224,162 TEU and an average age, weighted by TEU capacity, of 11.9 years as at June 30, 2019.
The average remaining term of the Company’s charters at June 30, 2019, to the mid-point of redelivery, including options under owner’s control, was 2.9 years on a TEU-weighted basis. Contracted revenue on the same basis was $823.0 million. Contracted revenue was $913.4 million, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 3.2 years.
GSL has a gross margin of 64.60% and an operating margin of 7.20% while its profit margin remained -17.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 41.90% for this year while earning per share for the next 5-years is expected to reach at 12.00%.
The company has 10.05M of outstanding shares and 3.28M shares were floated in the market. According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.82% from the mean of 20 days, -12.28% from mean of 50 days SMA and performed -0.13% from mean of 200 days price. Company’s performance for the week was -3.41%, -16.94% for month and YTD performance remained 31.45%.
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