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What we know about this company
Open this Idea →Global Ship Lease, Inc.
Watching · below 8/10
our belief 7/10 · confidence score 79/100
Our longer-term business view, not a prediction for this week.
May rise over the next year. Open for the simple explanation.
Why we are waiting
Our belief is below the 8/10 level needed for a strong Idea.
Next check: Keep it in background research until our belief reaches 8/10.
Research conviction is below the 8/10 level needed for a high-conviction idea. Whether 2027 and 2028 vessel roll-offs can be re-fixed at rates that keep dividend coverage healthy.
The research view is still too uncertain at 7/10 to treat this as a current opportunity.
View unchanged Sep 2, 2026 · research strength 7/10 — full saved wording is in the research history
$45.82
last session
Quarterly results window begins in 50 days · Nov 1–10 · Range not confirmed
Global Ship Lease owns 71 cargo container ships and rents them out to the world's big shipping lines — Maersk, MSC, CMA CGM — on long, fixed-price contracts. It doesn't gamble on daily shipping prices; it collects rent it has already signed for. It makes real money: in just the first half of 2026 it earned about $181 million on $397 million of revenue, and it pays a dividend of $2.50 a share (roughly a 5.7% yield). It has more cash than debt after you net them out. The one thing that has to go right: as older rental contracts run out, it must keep re-renting its aging ships (average age ~18 years) at decent prices. The one thing that could go wrong: the world has ordered a huge number of new ships, and if the Red Sea reopens and freeing up capacity, rental prices could fall hard — squeezing the older fleet when its contracts expire. It also just committed about $1.3 billion to build 15 new ships, which will use up some of that cash cushion.
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Aug 20, 2026
At 7/10 this is below the 8/10 level required to publish it as a strong Idea. The research is still saved:
A cheap, cash-generative, contract-covered containership lessor with a genuine balance-sheet floor and a credible path to $50+. The offset is an old fleet in a heavily oversupplied market with re-chartering risk beyond 2026. Attractive risk/reward for a value-cyclical, long, over a 1-year horizon at conviction 7.
No company checks yet for GSL.
The open Idea research history is on the idea page.
A company check will appear here after the next scheduled review.
1 check left
Current active Idea · Record saved Aug 11, 2026 · check date unavailable. The original research wording and date checks stay available inside.
These events and risks belong to TickerYou’s current Idea.
An event can change what investors believe. A risk shows how our research could be wrong. The countdown is to the start of a window, not a promised event day.
Watch for a company announcement that confirms, narrows, moves, or cancels this window.
Computed by TickerYou from 1254 completed daily closing sessions supplied by Yahoo Finance, through Sep 10, 2026. The Sep 11, 2026 quote-session candle was excluded because a delayed feed cannot prove it was final. No company fundamentals enter this reading.
The price has been trending up across both the medium and longer term.
Price movement can help with timing and can warn when the market disagrees with our Idea. It does not tell us what the business is worth.
Watch whether the close holds above the 50-session average at $42.69; the 200-session average at $38.96 is the slower reference.
Last closing price
$45.54
Sep 10, 2026
Average price over 20 trading days
$44.31
Close is 2.8% above this average
Average price over 50 trading days
$42.69
Close is 6.7% above this average
Average price over 200 trading days
$38.96
Close is 16.9% above this average
Recent price speed
59.8 · balanced
A 14-day speed reading; lower than 30 is low and higher than 70 is high
Is the trend speeding up?
Above signal
Shows whether the shorter trend is pulling ahead of or behind the longer one
The moving averages are simple averages over exactly 20, 50, and 200 daily trading sessions. RSI uses Wilder's 14-session smoothing; a flat series is neutral at 50. MACD uses 12- and 26-session exponential averages with a 9-session signal. A window is never shortened when history is missing. Every comparison uses the final dated daily close—not an intraday quote—so all figures share one observation boundary. A candle dated to an active delayed-quote session is excluded because it may still be changing. These are trend and momentum references, not a Buy/Sell score.
Complete SEC 13F filings only. These delayed reports show filed share amounts, not a manager’s full portfolio, intent, or a proven trade.
2 of 14 recent complete filings report ordinary shares. Compared with the prior report: 1 with more shares and 1 with fewer shares.
A large, repeated position can support a research story, but these filings arrive late and do not show an investor’s full portfolio or reason for owning the stock.
Look for the same investor to keep a meaningful position across several reports.
No numeric score or recommendation is made from these delayed filings. They are one piece of background evidence, not a buy or sell signal.
14 current complete filings of 16 tracked managers. 2 investors have only an older filing and are left out of this current view. Current holding dates span Mar 31, 2026 to Jun 30, 2026.
GSL is 0.03% of Renaissance Technologies's disclosed portfolio ($18.52 M). Holdings as of Jun 30, 2026. Reported in all 6 quarters we can see.
GSL is 0.00% of Citadel Advisors's disclosed portfolio ($10.51 M). Holdings as of Jun 30, 2026. Reported in all 2 quarters we can see.
Market-neutral / multi-strategy: Citadel often reports shares, calls, and puts at the same time. These rows show reported exposure, not a simple bullish or bearish bet.
Citadel Advisors (Ken Griffin) reports a CALL option ($2.25 M). The filing does not prove whether it is a bet or a hedge, so options never count as ordinary shares above.
Citadel Advisors (Ken Griffin) reports a PUT option ($1.55 M). The filing does not prove whether it is a bet or a hedge, so options never count as ordinary shares above.
1 newly or higher reported, 1 lower reported. Reported amounts only; corporate actions are not normalized.
Reported by 2 of 14 managers with a current filing; at least 0.5% of disclosed 13F value for 0.
Largest reported position: Renaissance Technologies at 0.03% of disclosed 13F value ($18.52 M).
Across 6 quarters of stored filings: 3 newly or higher comparisons, 3 lower or absent, 0 unchanged, across 2 managers. Corporate actions are not normalized.
No numeric score is shown: filing comparisons are not adjusted for splits or other corporate actions, so reported changes cannot be treated as trades.
13Fs can arrive up to 45 days after quarter end. They omit short positions, cash, and securities outside the SEC's 13(f) list. Higher, lower, new, and absent describe filed share amounts, not proven purchases or sales; splits and other corporate actions are not normalized. This is context for a thesis, never a call by itself.
TickerYou has not saved a quarterly report for this company yet. We show nothing instead of guessing.
Computed from SEC filings — never model output. Each quarter is named by the fiscal quarter the company itself reported and the month that quarter ended, through the same resolver the Earnings card beside this one uses; where no release established a fiscal label, the quarter is named by its end alone rather than by a quarter number guessed from the date. EPS is GAAP diluted, as filed, so it can legitimately differ from the adjusted figure in the Earnings card (consensus is quoted adjusted). Y/Y compares the same fiscal quarter a year earlier; a comparison that cannot be made honestly is an em-dash that says why.
Jun 2020: Net income grew 48.0% year over year.
Comparing the same fiscal quarter a year earlier controls for seasonality. Revenue direction and margin direction together show whether sales are translating into profit, but one quarter is evidence—not a complete thesis.
Watch for the next filing that supplies a same-quarter comparison rather than substituting an older period.
| (USD) | Jun 2020 | vs last year |
|---|---|---|
| Revenue | — | — |
| Profit after costs | $13.52 M | |
| Profit per share | — | — |
| Profit margin | — | — |
| Quarter | Revenue | Y/Y | Net income | Margin |
|---|---|---|---|---|
| Mar 2020 | — | — | $1.50 M | — |
| Jun 2019 | — | — | $9.13 M | — |
| Mar 2019 | — |
| — |
| $10.39 M |
| — |
| Jun 2018 | — | — | $4.79 M | — |
| Mar 2018 | — | — | $4.96 M | — |
Three checks use SEC filings alone. The net-buyback check requires matching stated filing and quote currencies, a compatible single-ticker SEC share-unit receipt, and a dated provider quote; its row explains any refusal. One dated deep-review judgement is marked researched; missing checks are excluded, never treated as zero.
The score combines 3 established checks. Higher means the recorded share structure has been more protective of each holder’s ownership slice.
A company can grow while each shareholder owns a smaller slice. Share issuance and stock pay can offset part of the business gain. Strongest known check: pay in stock, vs revenue (8.356192372376055/10).
Lowest known check: what the share count did (5.123098084098576/10). Still unestablished: buybacks net of new stock sold; room left under the charter.
69/100
protection from new shares · 3 of 5 checks ready
+1.3% between the 2024-12-31 and 2025-12-31 filing cover pages.
Employees were paid $13.96M in stock against $766.45M of revenue — 1.8% — in the year through 2025-12-31.
repurchases are untagged — and missing is not zero, so no net can be computed
The deep review’s dated judgement (published Aug 20, 2026; evidence cutoff unavailable): how much of a 1% ownership slice at that review could survive through its horizon.
the charter ceiling is not tagged in this filer’s feed
review saved Aug 20, 2026 · check date unavailable
GSL is shareholder-friendly on dilution. It completed a $47M buyback (about 2.55M shares near $18.50 each) and management now favors paying down debt and holding dry powder over further repurchases. Critically, the ~$1.3B newbuild order is being funded from cash and bank loans, not by selling new shares, so your slice of the company is not being watered down to grow the fleet. The share count is roughly stable and the company sits near net cash, so there is no forced need to raise equity over the horizon. One honesty note: GSL is a foreign private issuer that files 20-Fs rather than a standard proxy, and I could not pin an exact current insider ownership percentage from live filings; founder-chairman George Youroukos remains the aligned anchor holder. Net effect: low dilution risk, upside accrues to existing owners.
A conditional model using SEC filings and a delayed-market quote from Yahoo Finance for the Sep 11, 2026 session. It is not a market forecast or analyst consensus.
The required growth rate cannot be established from compatible current inputs.
A high number means the company must grow quickly to justify today's price. A low number gives the business more room to disappoint.
Watch sales growth and operating profit. If either changes, this required-growth number can change too.
— what the price assumes could not be computed: market cap is withheld: the latest share count comes from 20-F; an ordinary-share-to-depositary-share ratio is not established.
The last deep review estimated 0–10% yearly growth, but the current research view is below the strength needed for a strong Idea. We show the older estimate without calling it a current opportunity. review saved Aug 20, 2026 · check date unavailable.
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Computed from SEC filings — never model output. Blank means it cannot be computed honestly.
Revenue grew 7.8% versus the comparable filing period, while operating margin was 56.8%.
Revenue shows whether demand is expanding, while operating and free-cash-flow margins show how much of those sales becomes profit and cash. Net cash or debt affects how resilient that result is.
Watch whether future free cash flow reduces net debt while growth and margins hold.
Every figure comes from an SEC filing and carries the day it was measured. Nothing here is estimated.
The filed share count increased 1.32% over roughly a year. That is dilution: each existing share represents a smaller percentage ownership slice.
A growing business can still deliver weak per-share progress when the share count grows too. The count says what happened to ownership slices, not why the company issued shares.
Watch the next filing cover page and the cash-flow and stock-compensation disclosures to see whether issuance continues and what caused it.
35.91 M
total shares when last reported · Dec 31, 2025 · 8 months ago
The SEC’s structured data establishes the total share count but carries no count of the shares structurally excluded from ordinary trading. Control and affiliate holdings, restricted stock and locked-up shares are disclosed publicly — in proxy statements, prospectuses and 8-Ks — as prose with no tag to read them from, and have not been researched into a figure this card can pair with the total above.
Share count increased 1.32% — dilution risk: each existing share owns a smaller percentage of the company.
Both counts in full, exactly as each cover page printed them, and both bars measured from zero against the larger — so a small move looks small.
Not researched yet. Release dates, tranche sizes, the shares issued at IPO and the insider breakdown are prose in the prospectus and in 8-Ks, with no XBRL tag to read them from. They appear here once TickerYou research can quote the source clause behind each figure—never estimated in the meantime.