Genco Shipping & Trading (GNK)

• Market cap: $587M
• 1 day: 0.73%
• 5 days: -6.08%
• 1 month: -19.84%
• 3 months: -23.54%
• 6 months: -34.66%
• Year to date: -15.39%
• 1 year: -12.76%
• 5 years: 28.17%
• 10 years: -81.56%
• Sector: Industrials
• Industry: Deep Sea Foreign Transportation of Freight

About: Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.

Employees: 1,105

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

14% more call options, than puts

Call options by funds: $1.45M | Put options by funds: $1.28M

0% more funds holding

Funds holding: 183 [Q2] → 183 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 33

6% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 62

3.71% less ownership

Funds ownership: 67.36% [Q2] → 63.65% (-3.71%) [Q3]

14% less capital invested

Capital invested by funds: $612M [Q2] → $526M (-$85.1M) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 0 (-2) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $17 24% upside
• Avg. target: $21 53% upside
• High target: $25 82% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Jefferies Omar Nokta 14% 1-year accuracy 8 / 57 met price target	82% upside $25	Buy Maintained	7 Nov 2024
Stifel Benjamin Nolan 32% 1-year accuracy 12 / 37 met price target	24% upside $17	Hold Downgraded	23 Oct 2024