Jane Street Group LLC Sells 33,745 Shares of Genco Shipping & Trading Limited (NYSE:GNK)

Jane Street Group LLC decreased its stake in Genco Shipping & Trading Limited (NYSE:GNK - Free Report) by 61.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,314 shares of the shipping company's stock after selling 33,745 shares during the period. Jane Street Group LLC's holdings in Genco Shipping & Trading were worth $297,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Genco Shipping & Trading in the 4th quarter worth about $29,000. New Age Alpha Advisors LLC bought a new position in Genco Shipping & Trading during the fourth quarter worth about $56,000. Mariner LLC purchased a new position in shares of Genco Shipping & Trading in the fourth quarter worth about $147,000. AXQ Capital LP bought a new stake in shares of Genco Shipping & Trading in the fourth quarter valued at approximately $162,000. Finally, Walleye Capital LLC purchased a new stake in shares of Genco Shipping & Trading during the 4th quarter valued at approximately $209,000. 58.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GNK shares. Wall Street Zen lowered shares of Genco Shipping & Trading from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Dnb Nor Markets raised Genco Shipping & Trading to a "strong-buy" rating in a report on Thursday, May 1st. Jefferies Financial Group reiterated a "buy" rating and issued a $17.00 price target on shares of Genco Shipping & Trading in a research report on Thursday, May 8th. Finally, Pareto Securities upgraded Genco Shipping & Trading to a "strong-buy" rating in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Genco Shipping & Trading currently has a consensus rating of "Moderate Buy" and an average target price of $20.75.

Genco Shipping & Trading Price Performance

NYSE GNK traded up $0.05 during trading on Thursday, reaching $13.41. The company's stock had a trading volume of 292,145 shares, compared to its average volume of 671,200. The firm has a fifty day moving average of $13.09 and a 200 day moving average of $14.05. Genco Shipping & Trading Limited has a one year low of $11.20 and a one year high of $22.65. The stock has a market capitalization of $575.87 million, a PE ratio of 7.66, a P/E/G ratio of 5.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.09 and a quick ratio of 2.49.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The shipping company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The company had revenue of $41.64 million during the quarter, compared to the consensus estimate of $43.49 million. Genco Shipping & Trading had a return on equity of 7.82% and a net margin of 18.06%. The firm's revenue for the quarter was down 39.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Analysts expect that Genco Shipping & Trading Limited will post 0.48 EPS for the current fiscal year.

Genco Shipping & Trading Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 23rd were given a dividend of $0.15 per share. This represents a dividend yield of 4.28%. The ex-dividend date was Thursday, May 22nd. Genco Shipping & Trading's dividend payout ratio (DPR) is currently 57.69%.

Genco Shipping & Trading Profile

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, bauxite, steel products, and other drybulk cargoes. It operates through the Major Bulk and Minor Bulk segments. The Major Bulk segment focuses on Capesize vessels. The Minor Bulk segment consists of Ultramax and Supramax vessels.