Top-Rated Dividend Stocks NYSE:GNK Genco Shipping & Trading - GNK Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Genco Shipping & Trading Limited Please log in to your account or sign up in order to add this asset to your watchlist. $17.81 -0.24 (-1.33%) (As of 02/2/2023 12:00 AM ET) Add Compare Share Share Today's Range$17.59▼$18.3050-Day Range$14.05▼$18.1452-Week Range$11.92▼$27.15Volume917,500 shsAverage Volume839,799 shsMarket Capitalization$753.90 millionP/E Ratio3.46Dividend Yield17.20%Price Target$23.20 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Genco Shipping & Trading MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside30.3% Upside$23.20 Price TargetShort InterestBearish6.31% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.04Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth-30.05%From $3.66 to $2.56 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.58 out of 5 starsTransportation Sector22nd out of 123 stocksDeep Sea Foreign Transportation Of Freight Industry9th out of 31 stocks 3.5 Analyst's Opinion Consensus RatingGenco Shipping & Trading has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.20, Genco Shipping & Trading has a forecasted upside of 30.3% from its current price of $17.81.Amount of Analyst CoverageGenco Shipping & Trading has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.31% of the float of Genco Shipping & Trading has been sold short.Short Interest Ratio / Days to CoverGenco Shipping & Trading has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Genco Shipping & Trading has recently increased by 47.65%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipGenco Shipping & Trading is a leading dividend payer. It pays a dividend yield of 17.20%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGenco Shipping & Trading does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Genco Shipping & Trading is 60.58%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Genco Shipping & Trading will have a dividend payout ratio of 121.88% in the coming year. This indicates that Genco Shipping & Trading may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GNK. Previous Next 2.8 News and Social Media Coverage News SentimentGenco Shipping & Trading has a news sentiment score of 0.04. 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 lower news sentiment than the 0.35 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Genco Shipping & Trading this week, compared to 2 articles on an average week.Search Interest54 people have searched for GNK on MarketBeat in the last 30 days. This is an increase of 42% compared to the previous 30 days.MarketBeat Follows30 people have added Genco Shipping & Trading to their MarketBeat watchlist in the last 30 days. This is an increase of 36% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Genco Shipping & Trading insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.50% of the stock of Genco Shipping & Trading is held by insiders.Percentage Held by Institutions67.67% of the stock of Genco Shipping & Trading is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Genco Shipping & Trading are expected to decrease by -30.05% in the coming year, from $3.66 to $2.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Genco Shipping & Trading is 3.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Genco Shipping & Trading is 3.46, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 27.06.Price to Book Value per Share RatioGenco Shipping & Trading has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Genco Shipping & Trading (NYSE:GNK) StockGenco 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. It operates through the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels segment. The company was founded on September 27, 2004 and is headquartered in New York, NY.Read More Receive GNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Genco Shipping & Trading and its competitors with MarketBeat's FREE daily newsletter. Email Address GNK Stock News HeadlinesFebruary 1, 2023 | americanbankingnews.comGenco Shipping & Trading Limited (NYSE:GNK) Receives Average Rating of "Moderate Buy" from BrokeragesJanuary 30, 2023 | finance.yahoo.comGenco Shipping & Trading Limited Announces Fourth Quarter 2022 Conference Call and WebcastFebruary 3, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 30, 2023 | 247wallst.comFirst Look Analysts Research Calls for Monday, January 30January 27, 2023 | seekingalpha.comGNK Genco Shipping & Trading LimitedJanuary 18, 2023 | finance.yahoo.comGenco Shipping & Trading Limited to Participate at Capital Link’s Corporate Presentations SeriesJanuary 12, 2023 | incomeinvestors.com20.4%-Yielding Genco Shipping Stock Hikes Dividend 56%January 4, 2023 | finance.yahoo.com16 Companies to Participate in Capital Link’s Corporate Presentation SeriesFebruary 3, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.December 27, 2022 | finance.yahoo.comGenco Shipping & Trading Stock Flashes Renewed Technical StrengthNovember 28, 2022 | finance.yahoo.comHere's Why Genco Shipping & Trading (NYSE:GNK) Has Caught The Eye Of InvestorsNovember 16, 2022 | seekingalpha.comGenco Shipping: Still A Buy Despite The 33% Recovery - Yields Above 4Y AverageNovember 11, 2022 | finance.yahoo.comGenco Shipping & Trading Third Quarter 2022 Earnings: EPS: US$0.96 (vs US$1.36 in 3Q 2021)November 10, 2022 | seekingalpha.comGenco Shipping & Trading Limited (GNK) Q3 2022 Earnings Call TranscriptNovember 10, 2022 | finance.yahoo.comGenco Shipping & Trading (GNK) Q3 Earnings and Revenues Surpass EstimatesNovember 4, 2022 | finance.yahoo.comWhat Awaits Genco Shipping & Trading (GNK) in Q3 Earnings?October 18, 2022 | seekingalpha.comGenco Shipping: Potential 44.5% Annualized ReturnOctober 7, 2022 | finance.yahoo.comGenco Shipping & Trading (GNK) Flat As Market Sinks: What You Should KnowSeptember 30, 2022 | markets.businessinsider.comExpert Ratings for Genco Shipping & TradingSeptember 26, 2022 | finance.yahoo.comGenco Shipping & Trading Limited (NYSE:GNK) is favoured by institutional owners who hold 61% of the companySeptember 17, 2022 | thestreet.comGenco Shipping & Trading Stock Hits New 52-Week Low (GNK)September 13, 2022 | finance.yahoo.comGenco Shipping & Trading (GNK) Stock Moves -1.05%: What You Should KnowAugust 30, 2022 | nasdaq.comGenco Shipping & Trading (NYSE:GNK) Seems To Use Debt Quite SensiblyAugust 19, 2022 | nasdaq.comGenco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)August 6, 2022 | finance.yahoo.comBarron’s Stock Picks Had a Good Week. Progyny, Angi, and Other Stocks That Outperformed the Market.August 4, 2022 | seekingalpha.comGenco Shipping slides after second quarter earnings, TCE outlookJuly 20, 2022 | finance.yahoo.comGenco Shipping & Trading (GNK) Stock Moves 0.59%: What You Should KnowSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Genco Shipping & Trading and its competitors with MarketBeat's FREE daily newsletter. Email Address GNK Company Calendar Last Earnings11/09/2022Ex-Dividend for 11/28 Dividend11/18/2022Dividend Payable11/28/2022Today2/02/2023Next Earnings (Confirmed)2/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:GNK Previous SymbolOTCBB:GSKNF CUSIPN/A CIK1326200 Webwww.gencoshipping.com Phone(646) 443-8550Fax646-443-8551Employees1,027Year FoundedN/APrice Target and Rating Average Stock Price Forecast$23.20 High Stock Price Forecast$27.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+30.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$5.15 Trailing P/E Ratio3.46 Forward P/E Ratio4.87 P/E GrowthN/ANet Income$182.01 million Net Margins37.21% Pretax Margin37.33% Return on Equity22.98% Return on Assets18.21% Debt Debt-to-Equity Ratio0.18 Current Ratio2.63 Quick Ratio2.05 Sales & Book Value Annual Sales$547.13 million Price / Sales1.38 Cash Flow$5.58 per share Price / Cash Flow3.19 Book Value$21.86 per share Price / Book0.81Miscellaneous Outstanding Shares42,330,000Free Float41,269,000Market Cap$753.90 million OptionableNot Optionable Beta1.07 Key ExecutivesJohn C. WobensmithPresident, CEO, Secretary & DirectorRobert HughesChief Operating OfficerApostolos ZafoliasChief Financial Officer & Executive VP-FinanceJesper ChristensenVP & Commercial Director-Minor Bulk FleetIvo KempenaerVice President & Commercial Dir., Head-Major BulksKey CompetitorsEagle Bulk ShippingNASDAQ:EGLENavios Maritime PartnersNYSE:NMMGlobal Ship LeaseNYSE:GSLDorian LPGNYSE:LPGArdmore ShippingNYSE:ASCView All CompetitorsInsiders & InstitutionsSG Americas Securities LLCSold 4,980 shares on 2/2/2023Ownership: 0.053%Nisa Investment Advisors LLCBought 9,000 shares on 2/2/2023Ownership: 0.021%Simplex Trading LLCBought 7,600 shares on 2/2/2023Ownership: 0.000%Gladius Capital Management LPBought 2,614 shares on 2/2/2023Ownership: 0.006%Cornerstone Investment Partners LLCSold 600 shares on 2/1/2023Ownership: 0.024%View All Insider TransactionsView All Institutional Transactions GNK Stock - Frequently Asked Questions Should I buy or sell Genco Shipping & Trading stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GNK shares. View GNK analyst ratings or view top-rated stocks. What is Genco Shipping & Trading's stock price forecast for 2023? 5 Wall Street research analysts have issued 12 month price objectives for Genco Shipping & Trading's stock. Their GNK share price forecasts range from $20.00 to $27.00. On average, they predict the company's share price to reach $23.20 in the next year. This suggests a possible upside of 30.3% from the stock's current price. View analysts price targets for GNK or view top-rated stocks among Wall Street analysts. How have GNK shares performed in 2023? Genco Shipping & Trading's stock was trading at $15.36 on January 1st, 2023. Since then, GNK shares have increased by 16.0% and is now trading at $17.81. View the best growth stocks for 2023 here. Are investors shorting Genco Shipping & Trading? Genco Shipping & Trading saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,510,000 shares, an increase of 47.6% from the December 31st total of 1,700,000 shares. Based on an average trading volume of 919,400 shares, the days-to-cover ratio is presently 2.7 days. Currently, 6.3% of the company's shares are sold short. View Genco Shipping & Trading's Short Interest. When is Genco Shipping & Trading's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023. View our GNK earnings forecast. How can I listen to Genco Shipping & Trading's earnings call? Genco Shipping & Trading will be holding an earnings conference call on Thursday, February 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-674-7070 with passcode "378900". How were Genco Shipping & Trading's earnings last quarter? Genco Shipping & Trading Limited (NYSE:GNK) posted its earnings results on Wednesday, November, 9th. The shipping company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.12. The shipping company earned $96.47 million during the quarter, compared to analysts' expectations of $91.19 million. Genco Shipping & Trading had a net margin of 37.21% and a trailing twelve-month return on equity of 22.98%. How often does Genco Shipping & Trading pay dividends? What is the dividend yield for Genco Shipping & Trading? Genco Shipping & Trading declared a quarterly dividend on Tuesday, November 8th. Shareholders of record on Monday, November 21st will be given a dividend of $0.78 per share on Monday, November 28th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 17.52%. The ex-dividend date is Friday, November 18th. This is an increase from the stock's previous quarterly dividend of $0.50. Read our dividend analysis for GNK. Is Genco Shipping & Trading a good dividend stock? Genco Shipping & Trading (NYSE:GNK) pays an annual dividend of $3.12 per share and currently has a dividend yield of 17.20%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GNK will have a dividend payout ratio of 121.88% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for GNK. What is Nick Mackenzie's approval rating as Genco Shipping & Trading's CEO? 89 employees have rated Genco Shipping & Trading Chief Executive Officer Nick Mackenzie on Glassdoor.com. Nick Mackenzie has an approval rating of 83% among the company's employees. What other stocks do shareholders of Genco Shipping & Trading own? Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), Gran Tierra Energy (GTE), Aeterna Zentaris (AEZS), Golar LNG Partners (GMLP), Hallador Energy (HNRG), Washington Prime Group (WPG), Bionano Genomics (BNGO), Matinas BioPharma (MTNB) and CNBX Pharmaceuticals (CNBX). What is Genco Shipping & Trading's stock symbol? Genco Shipping & Trading trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNK." Who are Genco Shipping & Trading's major shareholders? Genco Shipping & Trading's stock is owned by a number of retail and institutional investors. Top institutional investors include Gratus Capital LLC (1.06%), Euclidean Technologies Management LLC (0.31%), Mraz Amerine & Associates Inc. (0.21%), Jenkins Wealth (0.17%), AE Wealth Management LLC (0.13%) and SummerHaven Investment Management LLC (0.11%). Insiders that own company stock include Apollo Management Holdings Gp,, Apostolos Zafolias, Arthur L Regan, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes and Strategic Value Partners, Llc. View institutional ownership trends. How do I buy shares of Genco Shipping & Trading? Shares of GNK 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. What is Genco Shipping & Trading's stock price today? One share of GNK stock can currently be purchased for approximately $17.81. How much money does Genco Shipping & Trading make? Genco Shipping & Trading (NYSE:GNK) has a market capitalization of $753.90 million and generates $547.13 million in revenue each year. The shipping company earns $182.01 million in net income (profit) each year or $5.15 on an earnings per share basis. How many employees does Genco Shipping & Trading have? The company employs 1,027 workers across the globe. How can I contact Genco Shipping & Trading? Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The official website for the company is www.gencoshipping.com. The shipping company can be reached via phone at (646) 443-8550, via email at finance@gencoshipping.com, or via fax at 646-443-8551. This page (NYSE:GNK) was last updated on 2/3/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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