Genco Shipping & Trading (GNK)

• Market cap: $605M
• 1 day: -3.81%
• 5 days: -3.94%
• 1 month: -0.98%
• 3 months: -15.42%
• 6 months: -18.40%
• Year to date: -2.95%
• 1 year: -22.12%
• 5 years: 80.03%
• 10 years: -81.01%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

40% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 50

21% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 29

1% less funds holding

Funds holding: 184 [Q3] → 182 (-2) [Q4]

1.56% less ownership

Funds ownership: 64.32% [Q3] → 62.76% (-1.56%) [Q4]

21% less call options, than puts

Call options by funds: $1.27M | Put options by funds: $1.62M

30% less capital invested

Capital invested by funds: $532M [Q3] → $375M (-$157M) [Q4]

Research analyst outlook

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

• Low target: $19 34% upside
• Avg. target: $19 34% upside
• High target: $19 34% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Jefferies Omar Nokta 27% 1-year accuracy 16 / 60 met price target

34% upside $19

Buy Maintained

20 Feb 2025