Genco Shipping & Trading Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Genco Shipping & Trading stock.
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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.
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Genco Shipping & Trading saw a increase in short interest in May. As of May 28th, there was short interest totaling 834,100 shares, an increase of 50.4% from the May 13th total of 554,700 shares. Based on an average daily trading volume, of 889,700 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.2% of the shares of the company are sold short.
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Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Genco Shipping & Trading.

Genco Shipping & Trading Limited (NYSE:GNK) issued its earnings results on Wednesday, May, 5th. The shipping company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The shipping company had revenue of $52.52 million for the quarter, compared to the consensus estimate of $47.67 million. Genco Shipping & Trading had a negative net margin of 29.94% and a negative trailing twelve-month return on equity of 0.64%.
View Genco Shipping & Trading's earnings history.

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GNK shares have increased by 190.1% and is now trading at $18.45.
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Genco Shipping & Trading declared a quarterly dividend on Wednesday, May 5th. Stockholders of record on Monday, May 17th will be given a dividend of $0.05 per share on Tuesday, May 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, May 14th. This is a boost from Genco Shipping & Trading's previous quarterly dividend of $0.02.
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Genco Shipping & Trading pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.08%.
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5 equities research analysts have issued 12 month price objectives for Genco Shipping & Trading's shares. Their forecasts range from $8.90 to $152.00. On average, they expect Genco Shipping & Trading's stock price to reach $43.78 in the next year. This suggests a possible upside of 137.3% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Genco Shipping & Trading include Star Bulk Carriers (SBLK), Euronav (EURN), Pacific Basin Shipping (PCFBY), Frontline (FRO), Danaos (DAC), Costamare (CMRE), Scorpio Tankers (STNG), DHT (DHT), SFL (SFL), Global Ship Lease (GSL), TORM (TRMD), Eagle Bulk Shipping (EGLE), Navigator (NVGS), Dorian LPG (LPG) and Navios Maritime Partners (NMM).
View all of GNK's competitors.

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 Cannabics Pharmaceuticals (CNBX).

Genco Shipping & Trading trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNK."

Genco Shipping & Trading's stock is owned by a number of retail and institutional investors. Top institutional investors include Centerbridge Partners L.P. (19.61%), BlackRock Inc. (3.91%), Dimensional Fund Advisors LP (3.26%), Loomis Sayles & Co. L P (2.08%), Morgan Stanley (1.70%) and Arrowstreet Capital Limited Partnership (1.09%). 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.

GNK stock was sold by a variety of institutional investors in the last quarter, including Apollo Management Holdings L.P., Centerbridge Partners L.P., Evermore Global Advisors LLC, Dimensional Fund Advisors LP, Alliancebernstein L.P., Nuveen Asset Management LLC, Victory Capital Management Inc., and Rhumbline Advisers. 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.

GNK stock was purchased by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Scion Asset Management LLC, Teacher Retirement System of Texas, BlackRock Inc., Arrowstreet Capital Limited Partnership, Millennium Management LLC, Morgan Stanley, and Renaissance Technologies LLC.
View insider buying and selling activity for Genco Shipping & Trading or or view top insider-buying stocks.

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.
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One share of GNK stock can currently be purchased for approximately $18.45.

Genco Shipping & Trading has a market capitalization of $773.28 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.

Genco Shipping & Trading employs 960 workers across the globe.

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

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

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]