Robeco Institutional Asset Management B.V. Purchases New Stake in Genco Shipping & Trading Limited (NYSE:GNK)

Robeco Institutional Asset Management B.V. purchased a new stake in Genco Shipping & Trading Limited (NYSE:GNK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 65,080 shares of the shipping company's stock, valued at approximately $869,000. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Genco Shipping & Trading as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNK. Banque Transatlantique SA bought a new position in Genco Shipping & Trading in the fourth quarter valued at about $28,000. New Age Alpha Advisors LLC bought a new stake in shares of Genco Shipping & Trading during the fourth quarter worth about $56,000. GAMMA Investing LLC grew its holdings in shares of Genco Shipping & Trading by 1,119.1% during the first quarter. GAMMA Investing LLC now owns 4,462 shares of the shipping company's stock worth $60,000 after purchasing an additional 4,096 shares during the last quarter. Randolph Co Inc bought a new stake in shares of Genco Shipping & Trading during the first quarter worth about $134,000. Finally, Mariner LLC bought a new stake in shares of Genco Shipping & Trading during the fourth quarter worth about $147,000. Institutional investors and hedge funds own 58.62% of the company's stock.

Genco Shipping & Trading Price Performance

Shares of GNK opened at $13.81 on Thursday. Genco Shipping & Trading Limited has a 52-week low of $11.20 and a 52-week high of $22.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.28 and a current ratio of 1.79. The business's 50 day moving average price is $13.48 and its two-hundred day moving average price is $13.70. The firm has a market cap of $593.28 million, a PE ratio of 13.28, a price-to-earnings-growth ratio of 15.01 and a beta of 1.18.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The shipping company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.02). Genco Shipping & Trading had a net margin of 12.12% and a return on equity of 4.22%. The business had revenue of $41.64 million during the quarter, compared to analyst estimates of $43.49 million. During the same period last year, the firm posted $0.49 earnings per share. Genco Shipping & Trading's quarterly revenue was down 39.3% compared to the same quarter last year. On average, equities analysts anticipate that Genco Shipping & Trading Limited will post 0.48 EPS for the current year.

Genco Shipping & Trading Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen cut Genco Shipping & Trading from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Pareto Securities upgraded Genco Shipping & Trading to a "strong-buy" rating in a report on Monday, March 31st. Dnb Nor Markets upgraded Genco Shipping & Trading to a "strong-buy" rating in a report on Thursday, May 1st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $17.00 target price on shares of Genco Shipping & Trading in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.67.

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.

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