Genco Shipping & Trading (GNK)

• Market cap: $527M
• 1 day: -0.08%
• 5 days: -3.84%
• 1 month: -9.52%
• 3 months: -11.99%
• 6 months: -25.06%
• Year to date: -15.91%
• 1 year: -41.06%
• 5 years: 120.11%
• 10 years: -83.54%
• Sector: Industrials
• Industry: Marine Shipping

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, with two reportable segment: Major and Minor bulk fleet. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters. oyage revenues also include the sale of bunkers consumed during short-term time charters pursuant to the terms of the time charter agreement.

Employees: 1,037

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

47% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 49

27% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 30

3% more funds holding

Funds holding: 184 [Q3] → 189 (+5) [Q4]

0.85% less ownership

Funds ownership: 63.65% [Q3] → 62.81% (-0.85%) [Q4]

21% less call options, than puts

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

29% less capital invested

Capital invested by funds: $526M [Q3] → $375M (-$152M) [Q4]

Research analyst outlook

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

• Low target: $19 55% upside
• Avg. target: $19 55% upside
• High target: $19 55% upside

1 analyst rating

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

Jefferies Omar Nokta 4% 1-year accuracy 2 / 55 met price target

55% upside $19

Buy Maintained

20 Feb 2025