# Global Ship Lease, Inc. (GSL)

> Source: Nexqual · https://nexqual.com/GSL · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Global Ship Lease, Inc. (GSL), nexqual.com/GSL" · informational, not investment advice.

**Price:** USD 41.4 (-1.03% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 41.83 · day 41.03–41.73 · 52w 28.11–46.57 · market cap null · NYQ

## Key facts
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $4.5M; 6 not under a Rule 10b5-1 plan ($4.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 51 (range 50–52).
- Total return with dividends: 1Y +54.7% vs S&P 500 +14.9%; 5Y +151.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 2.43, revenue estimate $189M.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-13 | Giannopoulos Georgios | Chief Compliance Officer | 7,692 | $347K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-30 | Helfer Ulrike | Director | 4,000 | $179K | 32% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-26…2026-08-27 | Psaropoulos Anastasios | Chief Financial Officer | 50,000 | $2.3M | 42.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-26 | Lister Thomas Arthur | Chief Executive Officer | 30,000 | $1.3M | 65.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-14 | Neugeborn Yoram | Director | 3,000 | $123K | 48.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-07 | Giannopoulos Georgios | Chief Compliance Officer | 7,692 | $296K | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 51 (low 50, high 52).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-06 | Jefferies | Target raised | Buy | $45 → $50 |
| 2026-08-06 | B. Riley Securities | Target raised | Buy | $48 → $52 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +54.7% | +151.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +54.9% | +20.2% |
| Volatility (annualized) | 28.5% | 34.5% |
| Max drawdown | -12.5% (May 2026→May 2026) | -45.7% (Mar 2022→Jul 2022) |

## Peers (Marine Shipping)
KEX (Kirby Corporation) USD 131.5 -4.18% · MATX (Matson, Inc.) USD 227.48 -3.23% · HAFN (Hafnia Limited) USD 10.33 -1.90% · ECO (Okeanis Eco Tankers Corp.) USD 90.05 -1.29% · ZIM (ZIM Integrated Shipping Service) USD 29.08 -0.24% · SBLK (Star Bulk Carriers Corp.) USD 28.65 -0.59%

## More
Full page: https://nexqual.com/GSL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.42 | $2.44 | -0.8% | $189.4M | 2 |
| Next quarter (ends 2026-12-31) | $2.42 | $2.44 | -1.0% | $189.1M | 2 |
| Current fiscal year (ends 2026-12-31) | $9.89 | $9.88 | +0.1% | $764.5M | 3 |
| Next fiscal year (ends 2027-12-31) | $8.86 | $8.99 | -1.4% | $715.4M | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-09): ±6.3%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 24.5% | ±6.3% |
| 2026-12-18 | 56 | 24.4% | ±7.9% |
| 2027-03-19 | 147 | 23.0% | ±13.3% |
| 2027-06-17 | 237 | 29.9% | ±19.0% |