Genco Shipping & Trading Limited (GNK) – What Are Investment Firms Thinking About This Stock?

Shares of Genco Shipping & Trading Limited (NYSE:GNK) have earned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $29.00.

Several equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Genco Shipping & Trading from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Weiss Ratings cut shares of Genco Shipping & Trading from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 26th. BTIG Research dropped coverage on Genco Shipping & Trading in a research report on Friday, September 18th. They issued a “neutral” rating on the stock. Finally, B. Riley Financial restated a “buy” rating on shares of Genco Shipping & Trading in a research report on Friday, August 7th.

Trending Headlines about Genco Shipping & Trading

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

• Positive Sentiment: Genco declared a record $1.05-per-share dividend, up 31.2% from the prior quarter and payable November 23 to shareholders of record November 16. The company also reiterated that it expects a Q4 dividend above $1, based on current vessel fixtures and the forward freight agreement curve. Genco Q3 2026 Financial Results
• Positive Sentiment: Q3 voyage revenue rose 90% year over year to $151.9 million, above analyst estimates of about $105 million. Adjusted EBITDA climbed 214% to $68.1 million, while adjusted diluted EPS was $0.88. Genco Q3 Results
• Positive Sentiment: Freight-rate conditions appear supportive in the near term: Genco reported an average Q3 fleet-wide time-charter equivalent rate of $27,539 per day and estimated a Q4 rate of $30,102 for 66% of available owned-fleet days so far. Genco Q4 Dividend and Q3 EBITDA
• Negative Sentiment: Adjusted diluted EPS of $0.88 was a slight miss against some published estimates of $0.89, although it beat the lower Zacks consensus estimate. This makes the earnings picture less uniformly positive than the revenue and cash-flow figures. Genco Earnings Results

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Genco Shipping & Trading by 230.1% during the 1st quarter. Blue Trust Inc. now owns 1,347 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 939 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Genco Shipping & Trading during the 2nd quarter worth $35,000. Global Trust Asset Management LLC purchased a new position in Genco Shipping & Trading during the first quarter worth about $45,000. Fortitude Family Office LLC boosted its position in shares of Genco Shipping & Trading by 697.2% in the third quarter. Fortitude Family Office LLC now owns 2,280 shares of the shipping company’s stock worth $60,000 after acquiring an additional 1,994 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Genco Shipping & Trading in the 1st quarter valued at $63,000. Hedge funds and other institutional investors own 58.62% of the company’s stock.

Genco Shipping & Trading Price Performance

Genco Shipping & Trading stock opened at $25.25 on Friday. The firm has a market cap of $1.10 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. The company’s 50 day moving average is $26.34 and its two-hundred day moving average is $24.41. Genco Shipping & Trading has a 52-week low of $15.58 and a 52-week high of $28.42. The company has a quick ratio of 2.41, a current ratio of 2.97 and a debt-to-equity ratio of 0.36.

Genco Shipping & Trading (NYSE:GNK) last released its earnings results on Wednesday, November 4th. The shipping company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The company had revenue of $151.85 million for the quarter, compared to analyst estimates of $105.04 million. Genco Shipping & Trading had a return on equity of 10.89% and a net margin of 15.48%. The company’s revenue for the quarter was up 90.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share. On average, research analysts expect that Genco Shipping & Trading will post 2.22 EPS for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, November 16th. This is an increase from Genco Shipping & Trading’s previous quarterly dividend of $0.80. This represents a $4.20 annualized dividend and a yield of 16.6%. Genco Shipping & Trading’s dividend payout ratio (DPR) is currently 351.65%.

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Limited (NYSE:GNK) is a drybulk shipping company that owns and operates a fleet of oceangoing vessels. The company transports essential commodities, including iron ore, grain, coal and other major and minor bulk cargoes, for customers around the world.

Genco’s fleet includes large Capesize vessels as well as Ultramax, Supramax and Handysize ships. These vessels serve different segments of the drybulk market and support the movement of raw materials used in energy production, agriculture, construction and industrial manufacturing.

Founded in 1997 and headquartered in New York, Genco serves international trade routes across major global commodity markets.