Genco Shipping & Trading Stock Forecast, Price & News

6 Wall Street 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 research analysts is that investors should "buy" Genco Shipping & Trading stock.
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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.
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Genco Shipping & Trading saw a decrease in short interest in the month of August. As of August 13th, there was short interest totaling 1,080,000 shares, a decrease of 25.5% from the July 29th total of 1,450,000 shares. Based on an average trading volume of 840,200 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.8% of the company's stock are sold short.
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Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Genco Shipping & Trading.

Genco Shipping & Trading Limited (NYSE:GNK) issued its earnings results on Wednesday, August, 4th. The shipping company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. The shipping company earned $84.31 million during the quarter, compared to analyst estimates of $75.51 million. Genco Shipping & Trading had a negative net margin of 13.53% and a positive trailing twelve-month return on equity of 5.87%.
View Genco Shipping & Trading's earnings history.

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GNK stock has increased by 235.7% and is now trading at $21.35.
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Genco Shipping & Trading announced a quarterly dividend on Wednesday, August 4th. Investors of record on Tuesday, August 17th will be paid a dividend of $0.10 per share on Wednesday, August 25th. This represents a $0.40 annualized dividend and a yield of 1.87%. The ex-dividend date is Monday, August 16th. This is a boost from Genco Shipping & Trading's previous quarterly dividend of $0.05.
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Genco Shipping & Trading pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.87%.
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6 Wall Street analysts have issued 12-month price objectives for Genco Shipping & Trading's stock. Their forecasts range from $16.00 to $152.00. On average, they anticipate Genco Shipping & Trading's share price to reach $45.00 in the next year. This suggests a possible upside of 110.8% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Genco Shipping & Trading include Pacific Basin Shipping (PCFBY), Star Bulk Carriers (SBLK), Costamare (CMRE), Euronav (EURN), Danaos (DAC), Frontline (FRO), SFL (SFL), DHT (DHT), Scorpio Tankers (STNG), Global Ship Lease (GSL), Eagle Bulk Shipping (EGLE), Safe Bulkers (SB), Navios Maritime Partners (NMM), TORM (TRMD) and Diana Shipping (DSX).
View all of GNK's competitors.

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).

Genco Shipping & Trading trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNK."

Genco Shipping & Trading's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (11.89%), BlackRock Inc. (5.32%), Dimensional Fund Advisors LP (3.92%), State Street Corp (2.69%), Vanguard Group Inc. (1.67%) and Morgan Stanley (1.55%). 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.

GNK stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Marshall Wace LLP, Renaissance Technologies LLC, Squarepoint Ops LLC, Deutsche Bank AG, Marshall Wace North America L.P., Morgan Stanley, and Morgan Stanley. 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.

GNK stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, State Street Corp, BlackRock Inc., Prudential Financial Inc., Millennium Management LLC, Invesco Ltd., Dimensional Fund Advisors LP, and EAM Global Investors LLC.
View insider buying and selling activity for Genco Shipping & Trading or or view top insider-buying stocks.

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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One share of GNK stock can currently be purchased for approximately $21.35.

Genco Shipping & Trading has a market capitalization of $894.93 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.

Genco Shipping & Trading employs 960 workers across the globe.

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

Genco Shipping & Trading is headquartered at 299 Park Avenue 12th Floor, NEW YORK NY, 10171.

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]