S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

Genco Shipping & Trading Stock Forecast, Price & News

$15.06
-0.25 (-1.63%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$14.74
$15.45
50-Day Range
$14.02
$21.36
52-Week Range
$6.90
$22.00
Volume
686,231 shs
Average Volume
801,655 shs
Market Capitalization
$631.32 million
P/E Ratio
26.42
Dividend Yield
3.92%
Beta
0.94
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.

Headlines

New Strong Buy Stocks for November 29th
November 29, 2021 |  finance.yahoo.com
Best Income Stocks to Buy for November 24th
November 24, 2021 |  nasdaq.com
Genco Shipping & Trading Limited (NYSE:GNK) Short Interest Update
November 21, 2021 |  americanbankingnews.com
5 Top-Rated Stocks With Solid Net Profit Margins
November 18, 2021 |  finance.yahoo.com
Genco Shipping & Trading (NYSE:GNK) Trading Down 5.4%
November 15, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Previous Symbol
OTCBB:GSKNF
Employees
960
Year Founded
N/A

Sales & Book Value

Annual Sales
$355.56 million
Cash Flow
$1.33 per share
Book Value
$19.81 per share

Profitability

Net Income
$-225.57 million
Pretax Margin
5.49%

Debt

Price-To-Earnings

Miscellaneous

Free Float
41,057,000
Market Cap
$631.32 million
Optionable
Not Optionable

Company Calendar

Last Earnings
11/03/2021
Ex-Dividend
11/12/2021
Dividend Payable
11/22/2021
Today
12/05/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/23/2022

MarketRank

Overall MarketRank

2.70 out of 5 stars

Transportation Sector

28th out of 172 stocks

Deep Sea Foreign Transportation Of Freight Industry

8th out of 45 stocks

Analyst Opinion: 3.5Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -












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

Is Genco Shipping & Trading a buy right now?

6 Wall Street equities 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 equities research analysts is that investors should "buy" Genco Shipping & Trading stock.
View analyst ratings for Genco Shipping & Trading
or view top-rated stocks.

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. Since then, GNK shares have increased by 136.8% and is now trading at $15.06.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 291,100 shares, a drop of 54.6% from the October 31st total of 641,000 shares. Based on an average trading volume of 640,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% 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, February 23rd 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 earnings results on Wednesday, November, 3rd. The shipping company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.32 by $0.12. Genco Shipping & Trading had a net margin of 5.49% and a trailing twelve-month return on equity of 13.65%. During the same period in the previous year, the business 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, November 3rd. Shareholders of record on Monday, November 15th will be given a dividend of $0.15 per share on Monday, November 22nd. This represents a $0.60 annualized dividend and a yield of 3.98%. The ex-dividend date is Friday, November 12th. This is a boost from Genco Shipping & Trading's previous quarterly dividend of $0.10.
View Genco Shipping & Trading's dividend history
.

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.92%. 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 105.26%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Genco Shipping & Trading will have a dividend payout ratio of 14.85% 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?

6 brokerages have issued 12 month target prices for Genco Shipping & Trading's shares. Their forecasts range from $16.00 to $152.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $45.00 in the next twelve months. This suggests a possible upside of 198.8% 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.

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 many different retail and institutional investors. Top institutional investors include Centerbridge Partners L.P. (10.89%), BlackRock Inc. (5.57%), Dimensional Fund Advisors LP (4.11%), Millennium Management LLC (2.32%), Two Sigma Advisers LP (1.83%) and Two Sigma Investments LP (1.80%). 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 Centerbridge Partners L.P., Morgan Stanley, SG Americas Securities LLC, Teacher Retirement System of Texas, Manatuck Hill Partners LLC, EAM Investors LLC, Cubist Systematic Strategies LLC, and Two Sigma Investments LP. 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 Goldman Sachs Group Inc., Millennium Management LLC, Healthcare of Ontario Pension Plan Trust Fund, Renaissance Technologies LLC, Marshall Wace LLP, Arrowstreet Capital Limited Partnership, BlackRock Inc., and Dimensional Fund Advisors LP.
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 $15.06.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading has a market capitalization of $631.32 million and generates $355.56 million in revenue each year. The shipping company earns $-225.57 million in net income (profit) each year or $0.57 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, via email at [email protected], or via fax at 646-443-8551.


This page was last updated on 12/5/2021 by MarketBeat.com Staff

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