QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)

Genco Shipping & Trading - GNK Stock Forecast, Price & News

$15.59
-0.31 (-1.95%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$15.29
$15.78
50-Day Range
$15.59
$21.13
52-Week Range
$13.21
$27.15
Volume
770,267 shs
Average Volume
1.09 million shs
Market Capitalization
$659.16 million
P/E Ratio
2.81
Dividend Yield
12.58%
Price Target
$28.20

Genco Shipping & Trading MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
80.9% Upside
$28.20 Price Target
Short Interest
Healthy
4.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.09mentions of Genco Shipping & Trading in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$4.17 M Sold Last Quarter
Proj. Earnings Growth
-4.22%
From $4.50 to $4.31 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.81 out of 5 stars

Transportation Sector

17th out of 124 stocks

Deep Sea Foreign Transportation Of Freight Industry

9th out of 28 stocks

GNK stock logo

About Genco Shipping & Trading (NYSE:GNK) Stock

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.

Genco Shipping & Trading Stock Down 2.0 %

Shares of GNK traded down $0.32 during mid-day trading on Friday, hitting $15.58. The company's stock had a trading volume of 28,374 shares, compared to its average volume of 1,199,698. The company's 50-day moving average is $18.41 and its 200-day moving average is $20.56. Genco Shipping & Trading has a 52-week low of $13.21 and a 52-week high of $27.15. The firm has a market capitalization of $658.72 million, a price-to-earnings ratio of 2.87 and a beta of 0.90. The company has a current ratio of 2.46, a quick ratio of 1.81 and a debt-to-equity ratio of 0.19.

Genco Shipping & Trading Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Tuesday, August 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 12.84%. Genco Shipping & Trading's payout ratio is 36.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Clarkson Capital restated a "buy" rating on shares of Genco Shipping & Trading in a research note on Tuesday, June 14th. Alliance Global Partners assumed coverage on shares of Genco Shipping & Trading in a research note on Wednesday, August 3rd. They issued a "buy" rating and a $29.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Genco Shipping & Trading in a research note on Wednesday, July 20th. They issued a "buy" rating and a $25.00 target price on the stock. StockNews.com downgraded shares of Genco Shipping & Trading from a "buy" rating to a "hold" rating in a research note on Friday, August 5th. Finally, B. Riley upped their target price on shares of Genco Shipping & Trading from $27.00 to $31.00 in a research note on Friday, May 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Genco Shipping & Trading presently has a consensus rating of "Moderate Buy" and an average price target of $28.20.

Insider Activity at Genco Shipping & Trading

In related news, major shareholder Cayman Gp Ltd. Ccp II sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $17.50, for a total transaction of $437,500.00. Following the completion of the sale, the insider now owns 30,802 shares of the company's stock, valued at $539,035. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Cayman Gp Ltd. Ccp II sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $17.50, for a total transaction of $437,500.00. Following the completion of the sale, the insider now owns 30,802 shares of the company's stock, valued at $539,035. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. Wobensmith sold 45,000 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $25.15, for a total transaction of $1,131,750.00. Following the sale, the chief executive officer now directly owns 399,099 shares of the company's stock, valued at approximately $10,037,339.85. The disclosure for this sale can be found here. Insiders sold 173,575 shares of company stock valued at $4,171,336 over the last 90 days. Insiders own 2.50% of the company's stock.

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.

GNK Stock News Headlines

Genco Shipping & Trading (NYSE:GNK) Stock Price Down 9.5%
See More Headlines
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.

GNK Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 5/24 Dividend
5/13/2022
Dividend Payable
5/24/2022
Ex-Dividend for 8/23 Dividend
8/15/2022
Today
8/19/2022
Dividend Payable
8/23/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Previous Symbol
OTCBB:GSKNF
Employees
1,027
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.20
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+80.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$182.01 million
Pretax Margin
38.78%

Debt

Sales & Book Value

Annual Sales
$547.13 million
Cash Flow
$5.65 per share
Book Value
$22.48 per share

Miscellaneous

Free Float
41,224,000
Market Cap
$659.16 million
Optionable
Not Optionable
Beta
0.90

Key Executives

  • Mr. John C. WobensmithMr. John C. Wobensmith (Age 52)
    CEO, Pres, Sec. & Director
    Comp: $1.72M
  • Mr. Apostolos Zafolias (Age 43)
    CFO & Exec. VP of Fin.
    Comp: $804.39k
  • Captain Robert E. Hughes (Age 47)
    Chief Operations Officer
    Comp: $521.12k
  • Mr. Joseph Adamo (Age 60)
    Chief Accounting Officer, Controller & Treasurer
    Comp: $479.86k
  • Mr. Ivo Kempenaer
    VP, Commercial Director & Head of Major Bulks
  • Mr. Peter Allen C.F.A.
    Sr. VP of Strategy & Fin.













GNK Stock - Frequently Asked Questions

Should I buy or sell Genco Shipping & Trading stock right now?

5 Wall Street equities research 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 equities research analysts is that investors should "buy" GNK shares.
View GNK analyst ratings
or view top-rated stocks.

What is Genco Shipping & Trading's stock price forecast for 2022?

5 brokerages have issued 1-year target prices for Genco Shipping & Trading's stock. Their GNK share price forecasts range from $25.00 to $31.00. On average, they anticipate the company's stock price to reach $28.20 in the next twelve months. This suggests a possible upside of 80.9% from the stock's current price.
View analysts price targets for GNK
or view top-rated stocks among Wall Street analysts.

How have GNK shares performed in 2022?

Genco Shipping & Trading's stock was trading at $16.00 at the start of the year. Since then, GNK shares have decreased by 2.6% and is now trading at $15.59.
View the best growth stocks for 2022 here
.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a increase in short interest in July. As of July 31st, there was short interest totaling 1,740,000 shares, an increase of 15.2% from the July 15th total of 1,510,000 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 4.2% of the shares of the stock are sold short.
View Genco Shipping & Trading's Short Interest
.

When is Genco Shipping & Trading's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our GNK earnings forecast
.

How were Genco Shipping & Trading's earnings last quarter?

Genco Shipping & Trading Limited (NYSE:GNK) announced its quarterly earnings results on Wednesday, November, 3rd. The shipping company reported $1.44 earnings per share 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 net margin of 38.70% and a trailing twelve-month return on equity of 25.97%. During the same quarter in the previous year, the company posted $0.03 earnings per share.

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, August 3rd. Stockholders of record on Tuesday, August 16th will be paid a dividend of $0.50 per share on Tuesday, August 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.83%. The ex-dividend date of this dividend is Monday, August 15th.
Read our dividend analysis for GNK
.

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading (NYSE:GNK) pays an annual dividend of $2.00 per share and currently has a dividend yield of 12.58%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 36.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GNK will have a dividend payout ratio of 46.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GNK.

What is Nick Mackenzie's approval rating as Genco Shipping & Trading's CEO?

89 employees have rated Genco Shipping & Trading Chief Executive Officer Nick Mackenzie on Glassdoor.com. Nick Mackenzie has an approval rating of 83% among the company'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 institutional and retail investors. Top institutional shareholders include FMR LLC (5.93%), State Street Corp (3.08%), Renaissance Technologies LLC (1.83%), Loomis Sayles & Co. L P (1.77%), Ion Asset Management Ltd. (1.63%) and Goldman Sachs Group Inc. (1.52%). Insiders that own company 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
.

How do I buy shares of Genco Shipping & Trading?

Shares of GNK stock 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 $15.59.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading (NYSE:GNK) has a market capitalization of $659.16 million and generates $547.13 million in revenue each year. The shipping company earns $182.01 million in net income (profit) each year or $5.54 on an earnings per share basis.

How many employees does Genco Shipping & Trading have?

The company 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 the company is www.gencoshipping.com. The shipping company can be reached via phone at (646) 443-8550, via email at finance@gencoshipping.com, or via fax at 646-443-8551.

This page (NYSE:GNK) was last updated on 8/19/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
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 MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (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 | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 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 Barchart's disclaimer.