5 Stocks to Buy Now According to Steve Pei’s Gratia Capital

4. Global Ship Lease, Inc. (NYSE:GSL)

Gratia Capital’s Stake Value: $5.26 million

 Percentage of Gratia Capital’s 13F Portfolio: 4.39%

 Number of Hedge Fund Holders: 14

Global Ship Lease, Inc. (NYSE:GSL) is a London-based company that is the owner of different sized containerships and rents them out for a long-term period under a fixed rate to companies that ship containers.

On November 22, the board of directors of Global Ship Lease, Inc. (NYSE:GSL) made an announcement regarding increasing the quarterly dividend by 50% to 37.5c per share to be paid to the common shareholders.

Among the hedge funds tracked by Insider Monkey, Texas-based investment advisory firm Nokomis Capital has the biggest stake in Global Ship Lease, Inc. (NYSE:GSL) with 892,460 shares worth $21.16 million, representing 10% of the portfolio.

On November 11, B. Riley analyst Liam Burke maintained a Buy rating on Global Ship Lease, Inc. (NYSE:GSL) stock and raised the price target from $28 to $33, noting the increased cash flow in the first three quarters of 2021 owing to the operations of the company.