Genco Shipping & TradingGNK
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
10% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 30
0% more funds holding
Funds holding: 183 [Q2] → 183 (+0) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 62
3.3% less ownership
Funds ownership: 67.62% [Q2] → 64.32% (-3.3%) [Q3]
13% less capital invested
Capital invested by funds: $614M [Q2] → $532M (-$82M) [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
2 analyst ratings
Jefferies Omar Nokta 30% 1-year accuracy 17 / 57 met price target | 74%upside $25 | Buy Maintained | 7 Nov 2024 |
Stifel Benjamin Nolan 39% 1-year accuracy 16 / 41 met price target | 18%upside $17 | Hold Downgraded | 23 Oct 2024 |
Financial journalist opinion
Based on 3 articles about GNK published over the past 30 days
