Genco Shipping & Trading (NYSE:GNK) CAO Sells $75,092.29 in Stock

Genco Shipping & Trading Limited (NYSE:GNK) CAO Joseph Adamo sold 3,227 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.27, for a total value of $75,092.29. Following the completion of the transaction, the chief accounting officer owned 30,772 shares in the company, valued at $716,064.44. This represents a 9.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Genco Shipping & Trading Price Performance

GNK stock opened at $23.94 on Friday. Genco Shipping & Trading Limited has a 52-week low of $11.20 and a 52-week high of $24.11. The company has a quick ratio of 1.98, a current ratio of 2.39 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -217.57, a price-to-earnings-growth ratio of 5.39 and a beta of 1.21. The business has a fifty day moving average of $19.94 and a two-hundred day moving average of $18.27.

Genco Shipping & Trading (NYSE:GNK) last released its quarterly earnings results 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 business had revenue of $109.92 million during the quarter, compared to analysts’ expectations of $78.52 million. Genco Shipping & Trading had a negative return on equity of 0.12% and a negative net margin of 1.28%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. As a group, research analysts anticipate that Genco Shipping & Trading Limited will post 0.48 earnings per share for the current year.

Genco Shipping & Trading Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.50 per share. This is a boost from Genco Shipping & Trading’s previous quarterly dividend of $0.15. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Wednesday, March 11th. Genco Shipping & Trading’s dividend payout ratio (DPR) is -1,818.18%.

Key Stories Impacting Genco Shipping & Trading

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.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Genco Shipping & Trading

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

Genco Shipping & Trading Company Profile

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.