Genco Shipping & Trading
GNK
Market cap $732M

17.12 USD

+0.21

1.24%

At close Oct 17, 4:00 PM EDT

After hours

17.12

+0.00

0.00%

1 day

1.24%

5 days

-5.05%

1 month

-2.06%

3 months

-17.69%

6 months

-15.50%

Year to date

5.42%

1 year

17.18%

5 years

67.84%

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

Industrials Deep Sea Foreign Transportation of Freight

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

88% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 25

85% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 40

63% more call options, than puts

Call options by funds: $3.47M | Put options by funds: $2.13M

14% more funds holding

Funds holding: 161 [Q1] → 183 (+22) [Q2]

14% more capital invested

Capital invested by funds: $520M [Q1] → $591M (+$70.5M) [Q2]

4.58% more ownership

Funds ownership: 60.5% [Q1] → 65.08% (+4.58%) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$22

29%

upside

Avg. target

$22

29%

upside

High target

$22

29%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Deutsche Bank

Chris Robertson

100% 1-year accuracy

2 / 2 met price target

29%upside

$22

Buy

Initiated

4 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about GNK published over the past 30 days

Genco Shipping: A Great Platform To Weather Market Uncertainty

Post-COVID, dry bulk shipping saw growth driven by energy demand recovery and a limited vessel order book, though market sentiment has weakened due to China's slowing demand for steel and iron. Genco has focused on reducing debt and maintaining dividends, making it resilient to market volatility with low leverage and strong capital management. Future performance depends on China's stimulus; strong stimulus could boost the freight market, while insufficient or delayed action may lead to falling asset values and substantially impact GNK's share price.

Genco Shipping: A Great Platform To Weather Market Uncertainty

Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel

NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has agreed to acquire a 2016-built 180,000 dwt high-specification Capesize vessel for a purchase price of $47.5 million.

Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel

Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields

Genco's Unique Dividend Structure May Hold Promise For Income Investors

Genco Shipping & Trading Limited offers an 8.18% dividend yield tied to excess quarterly cash flow, making it attractive for income investors despite volatility. Genco operates a high-quality fleet in a thriving drybulk market, with significant earnings growth expected this year due to higher rates. Despite competitive pressures, Genco's strategic fleet renewal and strong Q2 2024 results position it well for future growth and shareholder value.

Genco's Unique Dividend Structure May Hold Promise For Income Investors

Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend.

Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields

Zacks Investment Research

Genco Shipping & Trading (GNK) Tops Q2 Earnings and Revenue Estimates

Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.27 per share a year ago.

Genco Shipping & Trading (GNK) Tops Q2 Earnings and Revenue Estimates

Genco Shipping & Trading Limited Announces Q2 2024 Financial Results

Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share

Genco Shipping & Trading Limited Announces Q2 2024 Financial Results

Zacks Investment Research

Genco Shipping & Trading (GNK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Genco Shipping & Trading (GNK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Genco Shipping & Trading Limited Announces Second Quarter 2024 Conference Call and Webcast

NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the second quarter of 2024 on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of market trading.

Genco Shipping & Trading Limited Announces Second Quarter 2024 Conference Call and Webcast

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