NYSE:GNK

Genco Shipping & Trading Stock Forecast, Price & News

$21.35
-0.01 (-0.05 %)
(As of 09/16/2021 12:00 AM ET)
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Today's Range
$21.10
$22.00
50-Day Range
$15.93
$21.36
52-Week Range
$6.24
$22.00
Volume435,712 shs
Average Volume891,767 shs
Market Capitalization$894.93 million
P/E RatioN/A
Dividend Yield1.87%
Beta1
30 days | 90 days | 365 days | Advanced Chart
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Genco Shipping & Trading logo

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. 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.

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Industry, Sector and Symbol

Sales & Book Value

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Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.41 out of 5 stars

Transportation Sector

40th out of 172 stocks

Deep Sea Foreign Transportation Of Freight Industry

7th out of 45 stocks

Analyst Opinion: 3.5Community Rank: 4.4Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 0.0 5 -4 -3 -2 -1 -
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Genco Shipping & Trading (NYSE:GNK) Frequently Asked Questions

Is Genco Shipping & Trading a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Genco Shipping & Trading stock.
View analyst ratings for Genco Shipping & Trading
or view top-rated stocks.

What stocks does MarketBeat like better than Genco Shipping & Trading?

Wall Street analysts have given Genco Shipping & Trading a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Genco Shipping & Trading wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a decrease in short interest in the month of August. As of August 13th, there was short interest totaling 1,080,000 shares, a decrease of 25.5% from the July 29th total of 1,450,000 shares. Based on an average trading volume of 840,200 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.8% of the company's stock are sold short.
View Genco Shipping & Trading's Short Interest
.

When is Genco Shipping & Trading's next earnings date?

Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Genco Shipping & Trading
.

How were Genco Shipping & Trading's earnings last quarter?

Genco Shipping & Trading Limited (NYSE:GNK) issued its earnings results on Wednesday, August, 4th. The shipping company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. The shipping company earned $84.31 million during the quarter, compared to analyst estimates of $75.51 million. Genco Shipping & Trading had a negative net margin of 13.53% and a positive trailing twelve-month return on equity of 5.87%.
View Genco Shipping & Trading's earnings history
.

How has Genco Shipping & Trading's stock price been impacted by COVID-19 (Coronavirus)?

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GNK stock has increased by 235.7% and is now trading at $21.35.
View which stocks have been most impacted by COVID-19
.

How often does Genco Shipping & Trading pay dividends? What is the dividend yield for Genco Shipping & Trading?

Genco Shipping & Trading announced a quarterly dividend on Wednesday, August 4th. Investors of record on Tuesday, August 17th will be paid a dividend of $0.10 per share on Wednesday, August 25th. This represents a $0.40 annualized dividend and a yield of 1.87%. The ex-dividend date is Monday, August 16th. This is a boost from Genco Shipping & Trading's previous quarterly dividend of $0.05.
View Genco Shipping & Trading's dividend history
.

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.87%.
View Genco Shipping & Trading's dividend history.

What price target have analysts set for GNK?

6 Wall Street analysts have issued 12-month price objectives for Genco Shipping & Trading's stock. Their forecasts range from $16.00 to $152.00. On average, they anticipate Genco Shipping & Trading's share price to reach $45.00 in the next year. This suggests a possible upside of 110.8% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading
or view top-rated stocks among Wall Street analysts.

Who are Genco Shipping & Trading's key executives?

Genco Shipping & Trading's management team includes the following people:
  • John C. Wobensmith, President, CEO, Secretary & Director
  • Robert Hughes, Chief Operating Officer
  • Apostolos Zafolias, Chief Financial Officer & Executive VP-Finance
  • Jesper Christensen, VP & Commercial Director-Minor Bulk Fleet
  • Peter Allen, Vice President-Finance

What is Nick Mackenzie's approval rating as Genco Shipping & Trading's CEO?

89 employees have rated Genco Shipping & Trading CEO Nick Mackenzie on Glassdoor.com. Nick Mackenzie has an approval rating of 83% among Genco Shipping & Trading's employees.

Who are some of Genco Shipping & Trading's key competitors?

What other stocks do shareholders of Genco Shipping & Trading own?

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 variety of institutional and retail investors. Top institutional investors include FMR LLC (11.89%), BlackRock Inc. (5.32%), Dimensional Fund Advisors LP (3.92%), State Street Corp (2.69%), Vanguard Group Inc. (1.67%) and Morgan Stanley (1.55%). Company insiders that own Genco Shipping & Trading stock include Apollo Management Holdings Gp,, Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes and Strategic Value Partners, Llc.
View institutional ownership trends for Genco Shipping & Trading
.

Which institutional investors are selling Genco Shipping & Trading stock?

GNK stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Marshall Wace LLP, Renaissance Technologies LLC, Squarepoint Ops LLC, Deutsche Bank AG, Marshall Wace North America L.P., Morgan Stanley, and Morgan Stanley. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Apollo Management Holdings Gp,, Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes, and Strategic Value Partners, Llc.
View insider buying and selling activity for Genco Shipping & Trading
or view top insider-selling stocks.

Which institutional investors are buying Genco Shipping & Trading stock?

GNK stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, State Street Corp, BlackRock Inc., Prudential Financial Inc., Millennium Management LLC, Invesco Ltd., Dimensional Fund Advisors LP, and EAM Global Investors LLC.
View insider buying and selling activity for Genco Shipping & Trading
or or view top insider-buying stocks.

How do I buy shares of Genco Shipping & Trading?

Shares of GNK 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 $21.35.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading has a market capitalization of $894.93 million and generates $355.56 million in revenue each year. The shipping company earns $-225,570,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis.

How many employees does Genco Shipping & Trading have?

Genco Shipping & Trading employs 960 workers across the globe.

What is Genco Shipping & Trading's official website?

The official website for Genco Shipping & Trading is www.gencoshipping.com.

Where are Genco Shipping & Trading's headquarters?

Genco Shipping & Trading is headquartered at 299 Park Avenue 12th Floor, NEW YORK NY, 10171.

How can I contact Genco Shipping & Trading?

Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The shipping company can be reached via phone at (646) 443-8550 or via email at [email protected]


This page was last updated on 9/16/2021 by MarketBeat.com Staff
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