Genco Shipping & Trading Limited (NYSE:GNK) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Genco Shipping & Trading Limited (NYSE:GNK) by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,852 shares of the shipping company’s stock after buying an additional 33,949 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of Genco Shipping & Trading worth $1,782,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GNK. Banque Transatlantique SA acquired a new stake in shares of Genco Shipping & Trading during the fourth quarter worth about $28,000. New Age Alpha Advisors LLC acquired a new position in shares of Genco Shipping & Trading in the fourth quarter valued at approximately $56,000. Mariner LLC purchased a new stake in shares of Genco Shipping & Trading during the fourth quarter worth approximately $147,000. AXQ Capital LP acquired a new stake in shares of Genco Shipping & Trading during the fourth quarter worth $162,000. Finally, ProShare Advisors LLC purchased a new position in Genco Shipping & Trading in the 4th quarter valued at $166,000. Institutional investors and hedge funds own 58.62% of the company’s stock.

Genco Shipping & Trading Stock Performance

GNK opened at $13.50 on Friday. Genco Shipping & Trading Limited has a 1-year low of $11.20 and a 1-year high of $22.18. The stock has a market cap of $579.73 million, a P/E ratio of 7.71, a P/E/G ratio of 5.64 and a beta of 1.22. The stock’s 50 day simple moving average is $13.08 and its 200 day simple moving average is $13.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.09 and a quick ratio of 2.49.

Genco Shipping & Trading (NYSE:GNK) last announced its quarterly earnings results on Wednesday, May 7th. The shipping company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.02). The firm had revenue of $41.64 million during the quarter, compared to analysts’ expectations of $43.49 million. Genco Shipping & Trading had a net margin of 18.06% and a return on equity of 7.82%. The company’s quarterly revenue was down 39.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, equities analysts anticipate that Genco Shipping & Trading Limited will post 0.48 EPS for the current fiscal year.

Genco Shipping & Trading Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 23rd were given a $0.15 dividend. The ex-dividend date was Thursday, May 22nd. This represents a dividend yield of 4.28%. Genco Shipping & Trading’s dividend payout ratio is presently 57.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Dnb Nor Markets upgraded shares of Genco Shipping & Trading to a “strong-buy” rating in a research note on Thursday, May 1st. Wall Street Zen downgraded Genco Shipping & Trading from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a $17.00 price target on shares of Genco Shipping & Trading in a report on Thursday, May 8th. Finally, Pareto Securities raised Genco Shipping & Trading to a “strong-buy” rating in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Genco Shipping & Trading has an average rating of “Moderate Buy” and an average price target of $20.75.

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, bauxite, steel products, and other drybulk cargoes. It operates through the Major Bulk and Minor Bulk segments. The Major Bulk segment focuses on Capesize vessels. The Minor Bulk segment consists of Ultramax and Supramax vessels.