NYSE:GNK

Genco Shipping & Trading Stock Forecast, Price & News

$18.45
-0.08 (-0.43 %)
(As of 06/18/2021 12:00 AM ET)
Add
Compare
Today's Range
$17.71
$19.17
50-Day Range
$10.40
$19.41
52-Week Range
$5.80
$19.58
Volume2.61 million shs
Average Volume981,091 shs
Market Capitalization$773.28 million
P/E RatioN/A
Dividend Yield1.08%
Beta1.02
30 days | 90 days | 365 days | Advanced Chart
Receive GNK 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.


Genco Shipping & Trading logo

About Genco Shipping & Trading

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, 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 February 24, 2021, the company fleet consisted of 17 Capesize, 9 Ultramax, and 15 Supramax with an aggregate capacity of approximately 4,421,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.76 out of 5 stars

Transportation Sector

54th out of 248 stocks

Deep Sea Foreign Transportation Of Freight Industry

13th out of 55 stocks

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 0.8Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











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

Is Genco Shipping & Trading a buy right now?

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.
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 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.
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 4th 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, 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
.

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

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.
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 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.
View Genco Shipping & Trading's dividend history
.

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.08%.
View Genco Shipping & Trading's dividend history.

What price target have analysts set for GNK?

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.

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. (Age 51, Pay $1.25M)
  • Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 42, Pay $524.9k)
  • Captain Robert E. Hughes, Chief Operations Officer (Age 46, Pay $392.8k)
  • Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 59)
  • 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?

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 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
.

Which institutional investors are selling Genco Shipping & Trading stock?

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.

Which institutional investors are buying Genco Shipping & Trading stock?

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.

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 $18.45.

How much money does Genco Shipping & Trading make?

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.

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 6/18/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.