S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:GRIN

Grindrod Shipping Stock Forecast, Price & News

$14.51
-0.22 (-1.49%)
(As of 11/26/2021 12:00 AM ET)
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Compare
Today's Range
$13.85
$14.59
50-Day Range
$13.19
$18.40
52-Week Range
$3.26
$19.49
Volume
191,414 shs
Average Volume
117,456 shs
Market Capitalization
$279.32 million
P/E Ratio
2.81
Dividend Yield
19.85%
Beta
1
30 days | 90 days | 365 days | Advanced Chart
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Grindrod Shipping logo

About Grindrod Shipping

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 23 owned dry bulk carriers and 8 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates a fleet of four owned tankers, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.

Headlines

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) Short Interest Update
November 19, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:GRIN
Employees
571
Year Founded
N/A

Sales & Book Value

Annual Sales
$279.22 million
Cash Flow
$1.43 per share
Book Value
$15.01 per share

Profitability

Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$279.32 million
Optionable
Not Optionable

Company Calendar

Last Earnings
11/16/2021
Today
11/28/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/23/2022

MarketRank

Overall MarketRank

2.74 out of 5 stars

Transportation Sector

22nd out of 172 stocks

Deep Sea Foreign Transportation Of Freight Industry

7th out of 45 stocks

Analyst Opinion: 3.5Community Rank: 5.0Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -












Grindrod Shipping (NASDAQ:GRIN) Frequently Asked Questions

Is Grindrod Shipping a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Grindrod Shipping in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Grindrod Shipping stock.
View analyst ratings for Grindrod Shipping
or view top-rated stocks.

How has Grindrod Shipping's stock been impacted by COVID-19?

Grindrod Shipping's stock was trading at $3.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GRIN shares have increased by 303.1% and is now trading at $14.51.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Grindrod Shipping?

Grindrod Shipping saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 59,300 shares, an increase of 39.2% from the October 31st total of 42,600 shares. Based on an average daily volume of 234,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.
View Grindrod Shipping's Short Interest
.

When is Grindrod Shipping's next earnings date?

Grindrod Shipping is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Grindrod Shipping
.

How were Grindrod Shipping's earnings last quarter?

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) issued its quarterly earnings data on Tuesday, November, 16th. The company reported $2.28 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.09 by $0.19.
View Grindrod Shipping's earnings history
.

How often does Grindrod Shipping pay dividends? What is the dividend yield for Grindrod Shipping?

Grindrod Shipping declared a quarterly dividend on Wednesday, November 17th. Shareholders of record on Friday, December 3rd will be given a dividend of $0.72 per share on Monday, December 13th. This represents a $2.88 annualized dividend and a yield of 19.85%. The ex-dividend date is Thursday, December 2nd.
View Grindrod Shipping's dividend history
.

Is Grindrod Shipping a good dividend stock?

Grindrod Shipping pays an annual dividend of $2.88 per share and currently has a dividend yield of 19.85%. GRIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Grindrod Shipping does not yet have a strong track record of dividend growth. The dividend payout ratio of Grindrod Shipping is 55.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Grindrod Shipping will have a dividend payout ratio of 55.81% next year. This indicates that Grindrod Shipping will be able to sustain or increase its dividend.
View Grindrod Shipping's dividend history.

What price target have analysts set for GRIN?

2 equities research analysts have issued 1-year price targets for Grindrod Shipping's shares. Their forecasts range from $20.00 to $31.00. On average, they expect Grindrod Shipping's share price to reach $25.50 in the next twelve months. This suggests a possible upside of 75.7% from the stock's current price.
View analysts' price targets for Grindrod Shipping
or view top-rated stocks among Wall Street analysts.

Who are Grindrod Shipping's key executives?

Grindrod Shipping's management team includes the following people:
  • Mr. Martyn Richard Wade, CEO & Director (Age 61)
  • Mr. Stephen William Griffiths, CFO & Director (Age 60)

What other stocks do shareholders of Grindrod Shipping own?

What is Grindrod Shipping's stock symbol?

Grindrod Shipping trades on the NASDAQ under the ticker symbol "GRIN."

Who are Grindrod Shipping's major shareholders?

Grindrod Shipping's stock is owned by a number of retail and institutional investors. Top institutional investors include QVT Financial LP (3.76%), Marshall Wace LLP (1.85%), Renaissance Technologies LLC (1.74%), Islet Management LP (0.52%), Millennium Management LLC (0.42%) and Goldman Sachs Group Inc. (0.20%).

Which major investors are selling Grindrod Shipping stock?

GRIN stock was sold by a variety of institutional investors in the last quarter, including QVT Financial LP, and Morgan Stanley.

Which major investors are buying Grindrod Shipping stock?

GRIN stock was purchased by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Renaissance Technologies LLC, Islet Management LP, Millennium Management LLC, Caas Capital Management LP, Two Sigma Investments LP, Cubist Systematic Strategies LLC, and Tudor Investment Corp Et Al.

How do I buy shares of Grindrod Shipping?

Shares of GRIN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Grindrod Shipping's stock price today?

One share of GRIN stock can currently be purchased for approximately $14.51.

How much money does Grindrod Shipping make?

Grindrod Shipping has a market capitalization of $279.32 million and generates $279.22 million in revenue each year. The company earns $-38.79 million in net income (profit) each year or $5.16 on an earnings per share basis.

How many employees does Grindrod Shipping have?

Grindrod Shipping employs 571 workers across the globe.

What is Grindrod Shipping's official website?

The official website for Grindrod Shipping is www.grinshipping.com.

Where are Grindrod Shipping's headquarters?

How can I contact Grindrod Shipping?

Grindrod Shipping's mailing address is NO. 03-01 SOUTHPOINT 200 CANTONMENT ROAD, SINGAPORE U0, 089763. The company can be reached via phone at 65-6632-1315 or via fax at 65-6323-0046.


This page was last updated on 11/28/2021 by MarketBeat.com Staff

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