Peter George Allen Sells 13,315 Shares of Genco Shipping & Trading (NYSE:GNK) Stock

Genco Shipping & Trading Limited (NYSE:GNK) CFO Peter George Allen sold 13,315 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $23.66, for a total transaction of $315,032.90. Following the sale, the chief financial officer directly owned 66,702 shares in the company, valued at $1,578,169.32. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Peter George Allen also recently made the following trade(s):

• On Wednesday, February 18th, Peter George Allen sold 6,232 shares of Genco Shipping & Trading stock. The stock was sold at an average price of $23.27, for a total transaction of $145,018.64.

Genco Shipping & Trading Trading Up 0.4%

NYSE:GNK opened at $23.73 on Wednesday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -215.73, a PEG ratio of 5.41 and a beta of 1.21. The company has a quick ratio of 1.84, a current ratio of 2.39 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average price is $20.16 and its 200-day moving average price is $18.40. Genco Shipping & Trading Limited has a 52 week low of $11.20 and a 52 week high of $24.10.

Genco Shipping & Trading (NYSE:GNK) last released its quarterly earnings data on Tuesday, February 17th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Genco Shipping & Trading had a negative return on equity of 0.12% and a negative net margin of 1.28%.The business had revenue of $109.92 million for the quarter, compared to analysts’ expectations of $78.52 million. During the same period in the prior year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that Genco Shipping & Trading Limited will post 0.48 earnings per share for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.4%. This is a boost from Genco Shipping & Trading’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 11th. Genco Shipping & Trading’s payout ratio is -545.45%.

Key Genco Shipping & Trading News

Here are the key news stories impacting Genco Shipping & Trading this week:

• Positive Sentiment: Quarterly results beat expectations — Genco reported $0.39 EPS (vs. $0.35 consensus) and revenue of $109.9M (well above ~$78.5M est.), signaling stronger shipping demand and improving top-line. This earnings/revenue surprise is a primary driver supporting the stock. MarketBeat: GNK earnings and summary
• Positive Sentiment: Large dividend increase — the board raised the quarterly payout to $0.50 (annualized $2.00; ~8.4% yield), boosting income appeal for yield-seeking investors and likely attracting demand into the shares ahead of the ex-dividend date (Mar 11). MarketBeat: Dividend increase
• Neutral Sentiment: Analyst views and valuation remain mixed — recent downgrades and some upgrades leave consensus somewhat split (average target near $21.00); this creates both upside from positive catalysts and downside if shipping conditions soften. MarketBeat: analyst coverage
• Neutral Sentiment: Balance sheet and metrics — GNK shows healthy liquidity ratios (current ~2.39, quick ~1.84) and low leverage (debt/equity ~0.21), which supports dividend funding flexibility, but profitability metrics remain weak (negative net margin and ROE), raising questions on dividend sustainability. MarketBeat: financial metrics
• Negative Sentiment: Insider selling by senior officers — multiple filings show sizable sales on Feb 23: CFO Peter George Allen sold 13,315 shares (~$315k) (SEC filing: http://www.sec.gov/Archives/edgar/data/1326200/000114036126006464/xslF345X05/form4.xml), CAO Joseph Adamo sold 6,340 shares (~$150k) (SEC filing: http://www.sec.gov/Archives/edgar/data/1326200/000114036126006467/xslF345X05/form4.xml), and insider Jesper Christensen sold 18,450 shares (~$436k) (SEC filing: http://www.sec.gov/Archives/edgar/data/1326200/000114036126006465/xslF345X05/form4.xml). These reductions (double-digit % cuts in their stakes) can be perceived negatively by the market despite remaining holdings. AmericanBankingNews: insider sale summary

Analyst Upgrades and Downgrades

GNK has been the topic of several research analyst reports. Zacks Research upgraded shares of Genco Shipping & Trading from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Alliance Global Partners downgraded shares of Genco Shipping & Trading from a “buy” rating to a “neutral” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Genco Shipping & Trading in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Genco Shipping & Trading from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $21.00.

Hedge Funds Weigh In On Genco Shipping & Trading

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Genco Shipping & Trading by 82.2% during the second quarter. PNC Financial Services Group Inc. now owns 1,942 shares of the shipping company’s stock valued at $25,000 after buying an additional 876 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Genco Shipping & Trading during the 3rd quarter worth $30,000. Advisory Services Network LLC purchased a new position in shares of Genco Shipping & Trading during the 3rd quarter worth $30,000. Strengthening Families & Communities LLC bought a new stake in shares of Genco Shipping & Trading during the 4th quarter valued at $31,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Genco Shipping & Trading in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 58.62% of the company’s stock.

About Genco Shipping & Trading

Genco Shipping & Trading Limited is a leading global owner and operator of drybulk vessels, providing seaborne transportation services for major commodities such as iron ore, coal, grain and fertilizers. The company’s fleet comprises Capesize, Panamax and Supramax vessels, which are chartered to a broad base of international charterers under both spot and period contracts. Genco’s focus on modern, fuel-efficient tonnage supports reliable cargo delivery across a variety of trade routes and market conditions.

In addition to vessel ownership and operation, Genco offers ship management, maintenance and technical support services designed to maximize fleet performance and safety.