Should I buy or sell Grindrod Shipping stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Grindrod Shipping in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GRIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRIN, but not buy additional shares or sell existing shares. View GRIN analyst ratings or view top-rated stocks .

What is Grindrod Shipping's stock price target for 2024?

1 Wall Street analysts have issued 12 month price objectives for Grindrod Shipping's shares. Their GRIN share price targets range from $12.50 to $12.50. On average, they predict the company's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price. View analysts price targets for GRIN or view top-rated stocks among Wall Street analysts .

How have GRIN shares performed in 2023?

Grindrod Shipping's stock was trading at $18.71 at the beginning of the year. Since then, GRIN shares have decreased by 47.0% and is now trading at $9.91. View the best growth stocks for 2023 here .

Are investors shorting Grindrod Shipping?

Grindrod Shipping saw a decline in short interest in November. As of November 15th, there was short interest totaling 57,500 shares, a decline of 21.8% from the October 31st total of 73,500 shares. Based on an average daily volume of 38,500 shares, the short-interest ratio is currently 1.5 days. Currently, 1.8% of the shares of the company are sold short. View Grindrod Shipping's Short Interest .

When is Grindrod Shipping's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024. View our GRIN earnings forecast .

How were Grindrod Shipping's earnings last quarter?

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) released its quarterly earnings results on Tuesday, November, 28th. The company reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by $0.12. The company had revenue of $112.46 million for the quarter. Grindrod Shipping had a trailing twelve-month return on equity of 12.58% and a net margin of 5.03%.

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

Grindrod Shipping announced a -- dividend on Friday, September 29th. Investors of record on Friday, October 20th will be paid a dividend of $1.016 per share on Thursday, October 19th. This represents a yield of 27.2%. The ex-dividend date is Thursday, October 19th. Read our dividend analysis for GRIN .

Is Grindrod Shipping a good dividend stock?

Grindrod Shipping (NASDAQ:GRIN) pays an annual dividend of $0.06 per share and currently has a dividend yield of 0.62%. The dividend payout ratio is 6.25%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for GRIN .

What other stocks do shareholders of Grindrod Shipping own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Grindrod Shipping investors own include Gran Tierra Energy (GTE) , EnLink Midstream (ENLC) , Golar LNG Partners (GMLP) , New Residential Investment (NRZ) , Washington Prime Group (WPG) , Pennsylvania Real Estate Investment Trust (PEI) , Bionano Genomics (BNGO) , CBL & Associates Properties (CBL) , DHT (DHT) and Zosano Pharma (ZSAN) .

Who are Grindrod Shipping's major shareholders?

Grindrod Shipping's stock is owned by many different retail and institutional investors. Top institutional investors include Group One Trading L.P. (0.00%), Gladius Capital Management LP (0.00%) and Concourse Financial Group Securities Inc. (0.00%).

How do I buy shares of Grindrod Shipping?

Shares of GRIN stock 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 .

Grindrod Shipping Stock Price, News & Analysis (NASDAQ:GRIN)

$9.91

-0.10 (-1.00%)

(As of 11/29/2023 ET)

Compare

Today's Range: $9.24
▼
$10.00
50-Day Range: $7.48
▼
$14.03
52-Week Range: $6.80
▼
$26.08

Volume: 17,488 shs
Average Volume: 58,774 shs
Market Capitalization: N/A

P/E Ratio: 10.32
Dividend Yield: 0.61%
Price Target: $12.50

Grindrod Shipping MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 26.1% Upside
$12.50 Price Target
Short Interest: Healthy
1.77% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.81
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
Grindrod Shipping has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.50, Grindrod Shipping has a forecasted upside of 26.1% from its current price of $9.91.
Amount of Analyst Coverage
Grindrod Shipping has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.77% of the float of Grindrod Shipping has been sold short.
Short Interest Ratio / Days to Cover
Grindrod Shipping has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Grindrod Shipping has recently decreased by 21.77%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
Grindrod Shipping has a dividend yield of 0.62%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Grindrod Shipping does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Grindrod Shipping is 6.25%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GRIN.

2.7

News and Social Media Coverage

News Sentiment
Grindrod Shipping has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Grindrod Shipping this week, compared to 0 articles on an average week.
Search Interest
Only 3 people have searched for GRIN on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Grindrod Shipping to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Grindrod Shipping insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.77% of the stock of Grindrod Shipping is held by insiders.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Grindrod Shipping is 10.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Grindrod Shipping is 10.32, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 11.61.
Price to Book Value per Share Ratio
Grindrod Shipping has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Grindrod Shipping Stock (NASDAQ:GRIN)

Grindrod Shipping Holdings Ltd., an international shipping company, engages in owning, chartering, and operating a fleet of dry bulk carriers worldwide. It operates through three segments: Handysize, Supramax/Ultramax, and Others. The company operates a fleet of 15 handysize drybulk carriers and 16 supramax/ultramax drybulk carriers transporting various bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. 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. Grindrod Shipping Holdings Ltd. operates as a subsidiary of Good Falkirk (MI) Limited.

GRIN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GRIN Stock News Headlines

November 28, 2023 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the Three Months and Nine Months Ended September 30, 2023

November 27, 2023 | msn.com

African Bank’s Grindrod Bank reports lower taxed profit

November 29, 2023 | Autonomix (Ad)

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October 18, 2023 | msn.com

Grindord Shipping Holdings goes ex-dividend tomorrow

September 26, 2023 | marketwatch.com

Taylor Maritime To Sell Its Vessel Managers to Grindrod for Around $11.75 Mln

September 25, 2023 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Entry Into Sale and Purchase Agreements

September 25, 2023 | markets.businessinsider.com

Leading Dry Bulk Shipping Companies Presenting at Capital Link/DNB New York Maritime Forum

September 6, 2023 | msn.com

Grindrod Shipping: Large One-Time Distribution Ahead But Uncertainties Remain

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

August 2, 2023 | fool.com

Grindrod Shipping (NASDAQ: GRIN)

July 28, 2023 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Ship Sales and Other Transactions

July 17, 2023 | msn.com

Alliance Global Partners Upgrades Grindrod Shipping Holdings (GRIN)

July 13, 2023 | vernonmorningstar.com

Grindrod water restrictions eased

May 10, 2023 | vernonmorningstar.com

Boil notice rescinded, water restrictions changed for Grindrod

May 10, 2023 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Three Months Ended March 31, 2023

May 9, 2023 | msn.com

Industrial companies with High Forward Price to Earnings (P/E).

May 5, 2023 | vernonmorningstar.com

Spring melt leads to boil water notice in Grindrod

May 4, 2023 | vernonmorningstar.com

Grindrod residents not allowed to water outdoors

March 20, 2023 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Changes to Management and Board of Directors

January 5, 2023 | lse.co.uk

Taylor Maritime appoints interim chair to replace outgoing chair

December 30, 2022 | seekingalpha.com

Grindrod Shipping Is Cheap Compared To Other Dry Bulk Stocks

December 8, 2022 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Changes to Board of Directors

November 24, 2022 | vernonmorningstar.com

Power outage puts Grindrod on boil water notice

November 16, 2022 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Unaudited Financial Results for the Third Quarter & Nine Months of the Year Ending December 31, 2022

November 15, 2022 | msn.com

A Preview Of Grindrod Shipping Hldgs's Earnings

November 10, 2022 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Third Quarter & Nine Months of the Year Ending December 31, 2022

November 9, 2022 | msn.com

State shipping line a dead gull

See More Headlines

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Company Calendar

Ex-Dividend for 10/19 Dividend: 10/19/2023
Dividend Payable: 10/19/2023
Last Earnings: 11/28/2023
Today: 11/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/21/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NASDAQ:GRIN
CUSIP: N/A
CIK: 1725293
Web: www.grinshipping.com
Phone: 65-6632-1315
Fax: 65-6323-0046
Employees: 607
Year Founded: 1910

Price Target and Rating

Average Stock Price Target: $12.50
High Stock Price Target: $12.50
Low Stock Price Target: $12.50
Potential Upside/Downside: +24.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.96
Trailing P/E Ratio: 10.43
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $103.37 million
Net Margins: 5.03%
Pretax Margin: 5.23%
Return on Equity: 12.58%
Return on Assets: 7.07%

Debt

Debt-to-Equity Ratio: 0.50
Current Ratio: 1.64
Quick Ratio: 1.47

Sales & Book Value

Annual Sales: $460.46 million
Price / Sales: N/A
Cash Flow: $10.11 per share
Price / Cash Flow: 0.99
Book Value: $14.93 per share
Price / Book: 0.67

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 0.76

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Key Executives

Mr. Edward Christopher David Buttery (Age 38)
CEO & Executive Director
Ms. Deborah Davel
Chief Financial Officer
Mr. Carl Ackerley
Chief Operating Officer
Sharon Ting
Company Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GRIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Grindrod Shipping stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Grindrod Shipping in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GRIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRIN, but not buy additional shares or sell existing shares.
View GRIN analyst ratings or view top-rated stocks.
What is Grindrod Shipping's stock price target for 2024?: 1 Wall Street analysts have issued 12 month price objectives for Grindrod Shipping's shares. Their GRIN share price targets range from $12.50 to $12.50. On average, they predict the company's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for GRIN or view top-rated stocks among Wall Street analysts.
How have GRIN shares performed in 2023?: Grindrod Shipping's stock was trading at $18.71 at the beginning of the year. Since then, GRIN shares have decreased by 47.0% and is now trading at $9.91.
View the best growth stocks for 2023 here.
Are investors shorting Grindrod Shipping?: Grindrod Shipping saw a decline in short interest in November. As of November 15th, there was short interest totaling 57,500 shares, a decline of 21.8% from the October 31st total of 73,500 shares. Based on an average daily volume of 38,500 shares, the short-interest ratio is currently 1.5 days. Currently, 1.8% of the shares of the company are sold short.
View Grindrod Shipping's Short Interest.
When is Grindrod Shipping's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our GRIN earnings forecast.
How were Grindrod Shipping's earnings last quarter?: Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) released its quarterly earnings results on Tuesday, November, 28th. The company reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by $0.12. The company had revenue of $112.46 million for the quarter. Grindrod Shipping had a trailing twelve-month return on equity of 12.58% and a net margin of 5.03%.

How often does Grindrod Shipping pay dividends? What is the dividend yield for Grindrod Shipping?: Grindrod Shipping announced a -- dividend on Friday, September 29th. Investors of record on Friday, October 20th will be paid a dividend of $1.016 per share on Thursday, October 19th. This represents a yield of 27.2%. The ex-dividend date is Thursday, October 19th.
Read our dividend analysis for GRIN.
Is Grindrod Shipping a good dividend stock?: Grindrod Shipping (NASDAQ:GRIN) pays an annual dividend of $0.06 per share and currently has a dividend yield of 0.62%. The dividend payout ratio is 6.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GRIN.
What other stocks do shareholders of Grindrod Shipping own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Grindrod Shipping investors own include Gran Tierra Energy (GTE), EnLink Midstream (ENLC), Golar LNG Partners (GMLP), New Residential Investment (NRZ), Washington Prime Group (WPG), Pennsylvania Real Estate Investment Trust (PEI), Bionano Genomics (BNGO), CBL & Associates Properties (CBL), DHT (DHT) and Zosano Pharma (ZSAN).
Who are Grindrod Shipping's major shareholders?: Grindrod Shipping's stock is owned by many different retail and institutional investors. Top institutional investors include Group One Trading L.P. (0.00%), Gladius Capital Management LP (0.00%) and Concourse Financial Group Securities Inc. (0.00%).
How do I buy shares of Grindrod Shipping?: Shares of GRIN stock 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.

This page (NASDAQ:GRIN) was last updated on 11/29/2023 by MarketBeat.com Staff

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