Top-Rated Dividend Stocks NYSE:GNK Genco Shipping & Trading 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. $19.66 -0.25 (-1.26%) (As of 06/28/2022 12:00 AM ET) Add Compare Share Today's Range$19.34▼$19.9550-Day Range$18.37▼$26.9352-Week Range$13.21▼$27.15Volume825,015 shsAverage Volume1.10 million shsMarket Capitalization$827.73 millionP/E Ratio3.79Dividend Yield15.87%Price Target$28.25 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media 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 Stock Forecast (MarketRank)Overall MarketRank™3.09 out of 5 starsTransportation Sector11th out of 173 stocksDeep Sea Foreign Transportation Of Freight Industry3rd out of 45 stocksAnalyst Opinion: 3.5Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 - 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 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.25, Genco Shipping & Trading has a forecasted upside of 43.7% from its current price of $19.66.Amount of Analyst CoverageGenco Shipping & Trading has only been the subject of 2 research reports in the past 90 days. Previous Next 4.3 Community Rank Outperform VotesGenco Shipping & Trading has received 310 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGenco Shipping & Trading has received 172 “underperform” votes. (Add your “underperform” vote.)Community SentimentGenco Shipping & Trading has received 64.32% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Genco Shipping & Trading and other stocks. Vote “Outperform” if you believe GNK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GNK will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend LeadershipGenco Shipping & Trading is a leading dividend payer. It pays a dividend yield of 15.87%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGenco Shipping & Trading has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Genco Shipping & Trading is 60.89%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Genco Shipping & Trading will have a dividend payout ratio of 71.66% next year. This indicates that Genco Shipping & Trading will be able to sustain or increase its dividend. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Genco Shipping & Trading insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,732,515.00 in company stock.Percentage Held by InsidersOnly 2.50% of the stock of Genco Shipping & Trading is held by insiders.Percentage Held by Institutions75.90% 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 -2.86% in the coming year, from $4.54 to $4.41 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Genco Shipping & Trading is 3.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.05.Price to Earnings Ratio vs. SectorThe P/E ratio of Genco Shipping & Trading is 3.79, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 7.39.Price to Book Value per Share RatioGenco Shipping & Trading has a P/B Ratio of 0.90. 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)Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.Read More GNK Stock News HeadlinesJune 24, 2022 | americanbankingnews.comGenco Shipping & Trading (NYSE:GNK) Lowered to "Hold" at StockNews.comJune 21, 2022 | finance.yahoo.comHas Genco Shipping & Trading Limited (GNK) Outpaced Other Transportation Stocks This Year?June 17, 2022 | finance.yahoo.comGenco Shipping & Trading (GNK) Outpaces Stock Market Gains: What You Should KnowJune 17, 2022 | americanbankingnews.comClarkson Capital Reaffirms "Buy" Rating for Genco Shipping & Trading (NYSE:GNK)June 16, 2022 | americanbankingnews.comGenco Shipping & Trading (NYSE:GNK) Trading 3.7% Higher June 11, 2022 | americanbankingnews.comGenco Shipping & Trading Limited (NYSE:GNK) Receives $29.00 Consensus Price Target from AnalystsJune 10, 2022 | finance.yahoo.comGenco Shipping & Trading (GNK) Stock Moves -1.19%: What You Should KnowJune 10, 2022 | americanbankingnews.comGenco Shipping & Trading (NYSE:GNK) Shares Down 9.3% June 8, 2022 | americanbankingnews.comGenco Shipping & Trading (NYSE:GNK) Reaches New 12-Month High at $27.08June 8, 2022 | americanbankingnews.comGenco Shipping & Trading (NYSE:GNK) Downgraded by StockNews.com to HoldJune 5, 2022 | seekingalpha.comGenco Shipping: 12% Yield, Low Debt, Very Strong EarningsJune 1, 2022 | nasdaq.comGenco Shipping & Trading Limited Shares Close in on 52-Week High - Market MoverMay 23, 2022 | seekingalpha.comGenco Shipping, poised to pay 14% dividend yield, wins Barron's boostSee More Headlines Industry, 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/ACompany Calendar Last Earnings5/04/2022Ex-Dividend for 5/24 Dividend5/13/2022Dividend Payable5/24/2022Today6/29/2022Next Earnings (Estimated)8/03/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$28.25 High Stock Price Forecast$31.00 Low Stock Price Forecast$26.00 Forecasted Upside/Downside+43.7%Consensus RatingBuy Rating Score (0-4)3 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$5.19 Trailing P/E Ratio3.79 Forward P/E Ratio4.33 P/E GrowthN/ANet Income$182.01 million Net Margins37.21% Pretax Margin37.25% Return on Equity25.50% Return on Assets18.65% Debt Debt-to-Equity Ratio0.20 Current Ratio2.78 Quick Ratio2.16 Sales & Book Value Annual Sales$547.13 million Price / Sales1.51 Cash Flow$6.09 per share Price / Cash Flow3.23 Book Value$21.86 per share Price / Book0.90Miscellaneous Outstanding Shares42,102,000Free Float41,049,000Market Cap$827.73 million OptionableNot Optionable Beta0.84 Genco Shipping & Trading Frequently Asked Questions Should I buy or sell Genco Shipping & Trading stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Genco Shipping & Trading stock. View analyst ratings for Genco Shipping & Trading or view top-rated stocks. What is Genco Shipping & Trading's stock price forecast for 2022? 4 Wall Street analysts have issued 12 month price targets for Genco Shipping & Trading's stock. Their GNK stock forecasts range from $26.00 to $31.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $28.25 in the next twelve months. This suggests a possible upside of 43.7% from the stock's current price. View analysts' price targets for Genco Shipping & Trading or view top-rated stocks among Wall Street analysts. How has Genco Shipping & Trading's stock performed in 2022? Genco Shipping & Trading's stock was trading at $16.00 at the beginning of the year. Since then, GNK shares have increased by 22.9% and is now trading at $19.66. View the best growth stocks for 2022 here. When is Genco Shipping & Trading's next earnings date? Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast for Genco Shipping & Trading. How were Genco Shipping & Trading's earnings last quarter? Genco Shipping & Trading Limited (NYSE:GNK) released its quarterly earnings data on Wednesday, May, 4th. The shipping company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.01. The shipping company earned $97.76 million during the quarter, compared to analyst estimates of $95.11 million. Genco Shipping & Trading had a trailing twelve-month return on equity of 25.50% and a net margin of 37.21%. View Genco Shipping & Trading's earnings history. 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, May 4th. Shareholders of record on Monday, May 16th will be paid a dividend of $0.79 per share on Tuesday, May 24th. This represents a $3.16 dividend on an annualized basis and a yield of 16.07%. The ex-dividend date of this dividend is Friday, May 13th. This is an increase from Genco Shipping & Trading's previous quarterly dividend of $0.67. View Genco Shipping & Trading's dividend history. Is Genco Shipping & Trading a good dividend stock? Genco Shipping & Trading(NYSE:GNK) pays an annual dividend of $3.16 per share and currently has a dividend yield of 15.87%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Genco Shipping & Trading has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Genco Shipping & Trading is 60.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Genco Shipping & Trading will have a dividend payout ratio of 71.66% next year. This indicates that Genco Shipping & Trading will be able to sustain or increase its dividend. View Genco Shipping & Trading's dividend history. Who are Genco Shipping & Trading's key executives? Genco Shipping & Trading's management team includes the following people: Mr. John C. Wobensmith, CEO, Pres, Sec. & Director (Age 52, Pay $1.72M) (LinkedIn Profile)Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 43, Pay $804.39k)Captain Robert E. Hughes, Chief Operations Officer (Age 47, Pay $521.12k)Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 60, Pay $479.86k) (LinkedIn Profile)Mr. Ivo Kempenaer, VP, Commercial Director & Head of Major BulksMr. Peter Allen C.F.A., Sr. VP of Strategy & Fin. 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? Some companies that are related to Genco Shipping & Trading include Atlas (ATCO), Star Bulk Carriers (SBLK), Euronav (EURN), Scorpio Tankers (STNG), Pacific Basin Shipping (PCFBY), Frontline (FRO), Costamare (CMRE), SFL (SFL), Danaos (DAC), DHT (DHT), TORM (TRMD), Navigator (NVGS), Eagle Bulk Shipping (EGLE), Navios Maritime Partners (NMM) and Global Ship Lease (GSL). View all of GNK's competitors. 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (5.51%), Dimensional Fund Advisors LP (4.55%), State Street Corp (3.63%), Loomis Sayles & Co. L P (2.36%), Vanguard Group Inc. (2.11%) and Arrowstreet Capital Limited Partnership (1.64%). 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 major investors are selling Genco Shipping & Trading stock? GNK stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Loomis Sayles & Co. L P, Dynamic Technology Lab Private Ltd, BlackRock Inc., Simplex Trading LLC, BNP Paribas Arbitrage SA, PEAK6 Investments LLC, and Russell Investments Group Ltd.. Company insiders that have sold Genco Shipping & Trading company stock in the last two years 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 major investors are buying Genco Shipping & Trading stock? GNK stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Victory Capital Management Inc., Invesco Ltd., Teacher Retirement System of Texas, Gratus Capital LLC, Dimensional Fund Advisors LP, Goldman Sachs Group Inc., and Renaissance Technologies 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 $19.66. How much money does Genco Shipping & Trading make? Genco Shipping & Trading (NYSE:GNK) has a market capitalization of $827.73 million and generates $547.13 million in revenue each year. The shipping company earns $182.01 million in net income (profit) each year or $5.19 on an earnings per share basis. How many employees does Genco Shipping & Trading have? Genco Shipping & Trading 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 Genco Shipping & Trading is www.gencoshipping.com. The shipping company can be reached via phone at (646) 443-8550, via email at [email protected], or via fax at 646-443-8551. 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