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Initiation
Fly Intel: Top five analyst initiations » 09:55
02/12/21
02/12
09:55
02/12/21
09:55
HIMS

Hims & Hers

$21.25 /

-0.085 (-0.40%)

, OCBI

Orange County Bancorp

$0.00 /

+ (+0.00%)

, LMAT

LeMaitre

$47.22 /

-0.01 (-0.02%)

, BXC

BlueLinx

$44.48 /

+1.98 (+4.66%)

, GSL

Global Ship Lease

$13.08 /

+0.19 (+1.47%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hims & Hers (HIMS) initiated with a Neutral at Piper Sandler. 2. Orange County Bancorp (OCBI) initiated with an Overweight at Piper Sandler. 3. LeMaitre (LMAT) initiated with a Sector Weight at KeyBanc. 4. BlueLinx (BXC) initiated with a Buy at Benchmark. 5. Global Ship Lease (GSL) initiated with a Buy at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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LMAT LeMaitre
$47.22 /

-0.01 (-0.02%)

HIMS Hims & Hers
$21.25 /

-0.085 (-0.40%)

GSL Global Ship Lease
$13.08 /

+0.19 (+1.47%)

HIMS Hims & Hers
$21.25 /

-0.085 (-0.40%)

02/12/21 Piper Sandler
Hims & Hers initiated with a Neutral at Piper Sandler
02/08/21 Tigress Financial
Hims & Hers initiated with a Buy at Tigress Financial
OCBI Orange County Bancorp
$0.00 /

+ (+0.00%)

02/12/21 Piper Sandler
Orange County Bancorp initiated with an Overweight at Piper Sandler
06/30/20 Stephens
Orange County Bancorp initiated with an Overweight at Stephens
LMAT LeMaitre
$47.22 /

-0.01 (-0.02%)

02/12/21 KeyBanc
LeMaitre initiated with a Sector Weight at KeyBanc
02/11/21 KeyBanc
LeMaitre initiated with a Sector Weight at KeyBanc
10/30/20 Barrington
LeMaitre price target raised to $46 from $36 at Barrington
10/28/20 Barrington
Varian Medical downgraded to Underperform from Outperform at Barrington
BXC BlueLinx
$44.48 /

+1.98 (+4.66%)

02/12/21 Benchmark
BlueLinx initiated with a Buy at Benchmark
01/05/21 Craig-Hallum
BlueLinx initiated with a Buy at Craig-Hallum
09/21/20 B. Riley Securities
BlueLinx price target raised to $25 from $19 at B. Riley FBR
08/04/20 B. Riley Securities
B. Riley FBR upgrades BlueLinx on Q2 beat, boosts target to $19
GSL Global Ship Lease
$13.08 /

+0.19 (+1.47%)

02/12/21 Jefferies
Global Ship Lease initiated with a Buy at Jefferies
01/15/21 B. Riley Securities
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities
01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
LMAT LeMaitre
$47.22 /

-0.01 (-0.02%)

  • 22
    Jan
HIMS Hims & Hers
$21.25 /

-0.085 (-0.40%)

HIMS Hims & Hers
$21.25 /

-0.085 (-0.40%)

Initiation
Global Ship Lease initiated with a Buy at Jefferies » 08:33
02/12/21
02/12
08:33
02/12/21
08:33
GSL

Global Ship Lease

$12.90 /

-0.16 (-1.23%)

Jefferies analyst Randy…

Jefferies analyst Randy Giveans initiated coverage of Global Ship Lease with a Buy rating and $18 price target. The company has recently signed numerous charters at three times the rate of the expiring charter and for twice the duration, noted Giveans, who also points out that the company announced a "major refinancing initiative," declared a dividend, completed an equity raise, and acquired seven vessels.

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GSL Global Ship Lease
$12.90 /

-0.16 (-1.23%)

GSL Global Ship Lease
$12.90 /

-0.16 (-1.23%)

01/15/21 B. Riley Securities
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities
01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
  • 22
    Jan
Hot Stocks
Global Ship Lease to acquire seven Post-Panamax containerships for $116M » 08:34
02/09/21
02/09
08:34
02/09/21
08:34
GSL

Global Ship Lease

$13.15 /

+0.43 (+3.38%)

Global Ship Lease…

Global Ship Lease announced that it has agreed to purchase and charter back seven 6,000 TEU Post-Panamax containerships with an average age of approximately 20 years for an aggregate purchase price of $116 million. The charters are to leading liner operators for a minimum firm period of 36 months each, followed by two one-year extensions at charterer's option. The vessels are expected to generate aggregate Adjusted EBITDA of approximately $95 million over the average firm period of 3.1 years, implying a strongly accretive average Purchase Price / Annual Adjusted EBITDA multiple of approximately 4.0x. If all options are exercised, the vessels are expected to generate approximately $126 million of Adjusted EBITDA. With these additions, the Company's fleet will comprise 50 vessels with a total capacity of 287,280 TEU. The vessels are scheduled for phased delivery during the second and third quarters of 2021, at which time they will be renamed GSL Arcadia, GSL Dorothea, GSL Maria, GSL Melita, GSL MYNY, GSL Tegea and GSL Violetta. The Company expects to pay for the ships with approximately $40 million of cash on hand, with the balance provided by bank debt. During the firm period of the contracted charters, the seven ships are expected to add approximately $29 million to annual Adjusted EBITDA, representing an increase of approximately 18% compared to Adjusted EBITDA for the 12 months to September 30, 2020, add approximately $19 million to annual net income, based on today's LIBOR, representing an increase of approximately 40% compared to normalized net income for the 12 months to September 30, 2020, and add approximately $0.53 to annual earnings per share, an increase of approximately 40% compared to Adjusted earnings per share for the 12 months to September 30, 2020.

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GSL Global Ship Lease
$13.15 /

+0.43 (+3.38%)

GSL Global Ship Lease
$13.15 /

+0.43 (+3.38%)

01/15/21 B. Riley Securities
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities
01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
  • 22
    Jan
Over a month ago
Hot Stocks
Global Ship Lease falls -12.5% » 12:00
01/22/21
01/22
12:00
01/22/21
12:00
GSL

Global Ship Lease

$13.02 /

-1.89 (-12.68%)

Global Ship Lease is down…

Global Ship Lease is down -12.5%, or -$1.86 to $13.04.

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GSL Global Ship Lease
$13.02 /

-1.89 (-12.68%)

GSL Global Ship Lease
$13.02 /

-1.89 (-12.68%)

01/15/21 B. Riley Securities
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities
01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
  • 22
    Jan
Hot Stocks
Global Ship Lease falls -12.4% » 10:00
01/22/21
01/22
10:00
01/22/21
10:00
GSL

Global Ship Lease

$13.02 /

-1.89 (-12.68%)

Global Ship Lease is down…

Global Ship Lease is down -12.4%, or -$1.85 to $13.05.

ShowHide Related Items >><<
GSL Global Ship Lease
$13.02 /

-1.89 (-12.68%)

GSL Global Ship Lease
$13.02 /

-1.89 (-12.68%)

01/15/21 B. Riley Securities
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities
01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
  • 22
    Jan
Hot Stocks
Global Ship Lease falls -11.8% » 09:47
01/22/21
01/22
09:47
01/22/21
09:47
GSL

Global Ship Lease

$13.14 /

-1.77 (-11.87%)

Global Ship Lease is down…

Global Ship Lease is down -11.8%, or -$1.76 to $13.14.

ShowHide Related Items >><<
GSL Global Ship Lease
$13.14 /

-1.77 (-11.87%)

GSL Global Ship Lease
$13.14 /

-1.77 (-11.87%)

01/15/21 B. Riley Securities
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities
01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
  • 22
    Jan
Syndicate
Global Ship Lease 5.384M share Spot Secondary priced at $13.00 » 09:08
01/22/21
01/22
09:08
01/22/21
09:08
GSL

Global Ship Lease

$14.91 /

-0.7698 (-4.91%)

The deal size was…

The deal size was increased to $70M in common stock from $50M in common stock and the range was $13.00-$14.00. Jefferies and B. Riley Securities acted as joint book running managers for the offering.

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GSL Global Ship Lease
$14.91 /

-0.7698 (-4.91%)

GSL Global Ship Lease
$14.91 /

-0.7698 (-4.91%)

01/15/21 B. Riley Securities
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities
01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
  • 22
    Jan
Syndicate
Global Ship Lease files to sell common stock, no amount given » 16:03
01/21/21
01/21
16:03
01/21/21
16:03
GSL

Global Ship Lease

$15.02 /

-0.66 (-4.21%)

Jefferies LLC and B.…

Jefferies LLC and B. Riley Securities, Inc. are acting as joint book-running managers in the Offering.

ShowHide Related Items >><<
GSL Global Ship Lease
$15.02 /

-0.66 (-4.21%)

GSL Global Ship Lease
$15.02 /

-0.66 (-4.21%)

01/15/21 B. Riley Securities
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities
01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
Recommendations
Global Ship Lease price target raised to $20 from $16 at B. Riley Securities » 09:14
01/15/21
01/15
09:14
01/15/21
09:14
GSL

Global Ship Lease

$17.13 /

+0.88 (+5.42%)

B. Riley Securities…

B. Riley Securities analyst Liam Burke raised the firm's price target on Global Ship Lease to $20 from $16 and keeps a Buy rating on the shares. The strong macro environment and dividend announcement is driving a higher valuation, Burke tells investors in a research note. With improving short-term container rates in a "healthy" macro environment providing positive operating leverage, Global Ship Lease's "strong" charter coverage provides a "very attractive risk/reward profile," says the analyst.

ShowHide Related Items >><<
GSL Global Ship Lease
$17.13 /

+0.88 (+5.42%)

GSL Global Ship Lease
$17.13 /

+0.88 (+5.42%)

01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR
Hot Stocks
Global Ship Lease initiates dividend of 12c per share » 08:40
01/12/21
01/12
08:40
01/12/21
08:40
GSL

Global Ship Lease

$14.84 /

+1.66 (+12.59%)

Global Ship Lease…

Global Ship Lease announced that its Board of Directors has initiated a new dividend policy under which the Company intends to pay shareholders a regular quarterly cash dividend of 12c per Class A Common Share with effect from the first quarter of 2021.

ShowHide Related Items >><<
GSL Global Ship Lease
$14.84 /

+1.66 (+12.59%)

GSL Global Ship Lease
$14.84 /

+1.66 (+12.59%)

01/06/21 B. Riley Securities
Global Ship Lease price target raised to $16 from $12 at B. Riley Securities
04/24/20 B. Riley Securities
Global Ship Lease price target lowered to $12 from $15 at B. Riley FBR

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