Brokerages Set Genco Shipping & Trading Limited (NYSE:GNK) PT at $21.00

Shares of Genco Shipping & Trading Limited (NYSE:GNK) have received a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.00.

GNK has been the subject of a number of recent analyst reports. Wall Street Zen cut Genco Shipping & Trading from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Alliance Global Partners downgraded shares of Genco Shipping & Trading from a “buy” rating to a “neutral” rating in a research note on Thursday. Zacks Research raised Genco Shipping & Trading from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genco Shipping & Trading in a report on Monday, December 29th.

More Genco Shipping & Trading News

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

• Positive Sentiment: Management boosted the quarterly dividend to $0.50 (previously $0.15) and signaled a larger Q1 payout after time‑charter equivalent (TCE) rates rose more than 50% year‑over‑year amid fleet expansion — this materially improves cash return expectations. Read More.
• Positive Sentiment: Q4 results beat consensus: EPS $0.39 (vs. ~$0.35 est.) and revenue roughly $109.9M (vs. est. ~$78.5M), with year‑over‑year revenue growth — stronger earnings and cash flow help justify the higher dividend and support near‑term fundamentals. Read More.
• Positive Sentiment: Zacks upgraded GNK from Hold to Strong Buy, which can attract momentum buyers following the earnings/dividend news. Read More.
• Neutral Sentiment: Market technicals: GNK has hit a new 52‑week high post‑earnings — a momentum signal but not a change to long‑term fundamentals. Read More.
• Neutral Sentiment: Investors can review the Q4 earnings call transcript and slides for details on forward TCE outlook, fleet additions and capex guidance to assess sustainability of higher payouts. Read More.
• Negative Sentiment: Alliance Global Partners downgraded GNK from Buy to Neutral, citing reasons spelled out in their note — this can limit further upside from institutional/retail buyers. Read More.
• Negative Sentiment: Insider selling: several senior executives (CAO, CFO and others) sold blocks of shares at ~ $23.27, trimming holdings — raises short‑term governance/insider‑sentiment questions even though insiders remain significant holders. Read More.

Genco Shipping & Trading Price Performance

Genco Shipping & Trading stock opened at $23.94 on Thursday. Genco Shipping & Trading has a 12-month low of $11.20 and a 12-month high of $24.11. The company has a current ratio of 2.39, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $19.94 and a 200-day moving average price of $18.28. The firm has a market capitalization of $1.04 billion, a PE ratio of -217.57, a price-to-earnings-growth ratio of 5.49 and a beta of 1.21.

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

Genco Shipping & Trading Increases Dividend

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

Insider Activity

In related news, CFO Peter George Allen sold 6,232 shares of Genco Shipping & Trading stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.27, for a total transaction of $145,018.64. Following the transaction, the chief financial officer directly owned 52,002 shares of the company’s stock, valued at $1,210,086.54. This trade represents a 10.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Joseph Adamo sold 3,227 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.27, for a total value of $75,092.29. Following the sale, the chief accounting officer owned 30,772 shares of the company’s stock, valued at approximately $716,064.44. This represents a 9.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 17,719 shares of company stock worth $412,321. Corporate insiders own 2.37% of the company’s stock.

Institutional Trading of Genco Shipping & Trading

A number of institutional investors have recently modified their holdings of GNK. Invesco Ltd. grew its position in shares of Genco Shipping & Trading by 0.8% in the 4th quarter. Invesco Ltd. now owns 125,535 shares of the shipping company’s stock worth $2,314,000 after buying an additional 935 shares during the last quarter. XTX Topco Ltd acquired a new stake in Genco Shipping & Trading in the fourth quarter valued at approximately $1,070,000. Voloridge Investment Management LLC purchased a new position in Genco Shipping & Trading in the fourth quarter worth $201,000. Millennium Management LLC grew its holdings in Genco Shipping & Trading by 100.3% in the fourth quarter. Millennium Management LLC now owns 543,290 shares of the shipping company’s stock worth $10,013,000 after purchasing an additional 272,094 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its position in shares of Genco Shipping & Trading by 80.8% during the fourth quarter. Boothbay Fund Management LLC now owns 181,765 shares of the shipping company’s stock worth $3,350,000 after purchasing an additional 81,235 shares in the last quarter. 58.62% of the stock is currently owned by institutional investors.

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.