Genco Shipping & Trading (GNK) Stock Forecast, Price & News

Genco Shipping & Trading (NYSE:GNK) Frequently Asked Questions

Is Genco Shipping & Trading a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last twelve months. There are currently 3 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.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,310,000 shares, a decrease of 19.1% from the April 15th total of 1,620,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is currently 1.1 days. Currently, 3.2% of the company's shares are short sold.
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, 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) posted its quarterly earnings data on Wednesday, November, 3rd. The shipping company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.12. The shipping company had revenue of $117.46 million for the quarter, compared to the consensus estimate of $103.41 million. Genco Shipping & Trading had a trailing twelve-month return on equity of 25.50% and a net margin of 37.21%. During the same quarter last year, the company posted $0.03 earnings per share.
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 declared a quarterly dividend on Wednesday, May 4th. Investors of record on Monday, May 16th will be given a dividend of $0.79 per share on Tuesday, May 24th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 12.55%. The ex-dividend date is Friday, May 13th. This is a positive change 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 pays an annual dividend of $3.16 per share and currently has a dividend yield of 12.55%. 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.

What price target have analysts set for GNK?

3 analysts have issued 1 year price targets for Genco Shipping & Trading's shares. Their 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 12.2% 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:

• 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 Bulks
• Mr. 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 Star Bulk Carriers (SBLK), Atlas (ATCO), Pacific Basin Shipping (PCFBY), Euronav (EURN), Frontline (FRO), Scorpio Tankers (STNG), Costamare (CMRE), Danaos (DAC), SFL (SFL), TORM (TRMD), Navigator (NVGS), DHT (DHT), 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 a number of retail and institutional investors. Top institutional shareholders 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 year include Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, and Robert E Hughes.
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.
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What is Genco Shipping & Trading's stock price today?

One share of GNK stock can currently be purchased for approximately $25.18.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading has a market capitalization of $1.06 billion 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.

What is Genco Shipping & Trading's official website?

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

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, via email at [email protected], or via fax at 646-443-8551.