Genco Shipping & Trading Stock Forecast, Price & News

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.

Who are some of Genco Shipping & Trading's key competitors?

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