B. Riley Issues Pessimistic Estimate for GNK Earnings

Genco Shipping & Trading Limited (NYSE:GNK - Free Report) - B. Riley dropped their Q4 2025 earnings per share (EPS) estimates for Genco Shipping & Trading in a research report issued to clients and investors on Thursday, April 24th. B. Riley analyst L. Burke now expects that the shipping company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.24. The consensus estimate for Genco Shipping & Trading's current full-year earnings is $0.48 per share. B. Riley also issued estimates for Genco Shipping & Trading's FY2026 earnings at $0.41 EPS.

Several other research firms have also weighed in on GNK. Jefferies Financial Group cut their target price on Genco Shipping & Trading from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Pareto Securities upgraded Genco Shipping & Trading to a "strong-buy" rating in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.00.

Genco Shipping & Trading Stock Down 0.2 %

NYSE GNK traded down $0.03 during trading on Friday, hitting $13.08. 334,594 shares of the company traded hands, compared to its average volume of 555,120. Genco Shipping & Trading has a 12 month low of $11.20 and a 12 month high of $23.43. The business has a fifty day simple moving average of $13.26 and a 200 day simple moving average of $14.59. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $561.90 million, a P/E ratio of 7.47, a PEG ratio of 5.64 and a beta of 0.96.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.27). Genco Shipping & Trading had a return on equity of 7.82% and a net margin of 18.06%. The firm had revenue of $67.95 million for the quarter, compared to analysts' expectations of $67.36 million.

Genco Shipping & Trading Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.17%. Genco Shipping & Trading's payout ratio is presently 68.57%.

Insider Transactions at Genco Shipping & Trading

In other news, insider Jesper Christensen sold 13,602 shares of Genco Shipping & Trading stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $13.96, for a total value of $189,883.92. Following the transaction, the insider now directly owns 57,322 shares in the company, valued at approximately $800,215.12. The trade was a 19.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Peter George Allen sold 8,984 shares of Genco Shipping & Trading stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $13.96, for a total value of $125,416.64. Following the completion of the transaction, the chief financial officer now owns 45,251 shares in the company, valued at $631,703.96. The trade was a 16.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,812 shares of company stock worth $402,216. Company insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On Genco Shipping & Trading

A number of institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in Genco Shipping & Trading by 76.3% during the first quarter. Nisa Investment Advisors LLC now owns 19,456 shares of the shipping company's stock worth $260,000 after buying an additional 8,423 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in Genco Shipping & Trading by 12.4% during the first quarter. Linden Thomas Advisory Services LLC now owns 37,456 shares of the shipping company's stock worth $500,000 after buying an additional 4,126 shares in the last quarter. Townsend & Associates Inc grew its position in Genco Shipping & Trading by 17.7% during the first quarter. Townsend & Associates Inc now owns 1,261,959 shares of the shipping company's stock worth $15,484,000 after buying an additional 190,000 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Genco Shipping & Trading during the first quarter worth about $869,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Genco Shipping & Trading during the first quarter worth about $245,000. 58.62% of the stock is owned by institutional investors and hedge funds.

About Genco Shipping & Trading

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.