Jesper Christensen Sells 8,260 Shares of Genco Shipping & Trading (NYSE:GNK) Stock

Genco Shipping & Trading Limited (NYSE:GNK) insider Jesper Christensen sold 8,260 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.27, for a total value of $192,210.20. Following the completion of the sale, the insider owned 78,311 shares of the company’s stock, valued at approximately $1,822,296.97. The trade was a 9.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Genco Shipping & Trading Trading Up 0.7%

Shares of NYSE:GNK opened at $23.54 on Friday. The stock has a 50 day moving average of $19.83 and a 200 day moving average of $18.22. The company has a market cap of $1.02 billion, a PE ratio of -213.99, a price-to-earnings-growth ratio of 6.31 and a beta of 1.21. Genco Shipping & Trading Limited has a 12-month low of $11.20 and a 12-month high of $23.90. The company has a current ratio of 2.36, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18.

Genco Shipping & Trading (NYSE:GNK) last released its earnings results on Tuesday, February 17th. The shipping company reported $0.39 EPS 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 analysts’ expectations 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 was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. As a group, equities research analysts expect that Genco Shipping & Trading Limited will post 0.48 EPS for the current year.

Genco Shipping & Trading Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $2.00 annualized dividend and a yield of 8.5%. This is an increase from Genco Shipping & Trading’s previous quarterly dividend of $0.15. Genco Shipping & Trading’s payout ratio is currently -352.94%.

Institutional Investors Weigh In On Genco Shipping & Trading

Several large investors have recently made changes to their positions in the company. CSM Advisors LLC bought a new position in Genco Shipping & Trading during the second quarter valued at approximately $3,876,000. Millennium Management LLC raised its holdings in shares of Genco Shipping & Trading by 100.3% during the 4th quarter. Millennium Management LLC now owns 543,290 shares of the shipping company’s stock worth $10,013,000 after acquiring an additional 272,094 shares in the last quarter. Citigroup Inc. boosted its position in shares of Genco Shipping & Trading by 727.6% during the 3rd quarter. Citigroup Inc. now owns 215,412 shares of the shipping company’s stock valued at $3,834,000 after acquiring an additional 189,383 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Genco Shipping & Trading by 705.9% during the 3rd quarter. First Trust Advisors LP now owns 133,631 shares of the shipping company’s stock valued at $2,379,000 after acquiring an additional 117,049 shares during the last quarter. Finally, Credit Agricole S A purchased a new position in shares of Genco Shipping & Trading in the third quarter valued at $1,801,000. 58.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GNK shares. Weiss Ratings restated a “hold (c-)” rating on shares of Genco Shipping & Trading in a research report on Monday, December 29th. Zacks Research raised Genco Shipping & Trading from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen downgraded Genco Shipping & Trading from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Finally, Alliance Global Partners lowered shares of Genco Shipping & Trading from a “buy” rating to a “neutral” rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $21.00.

Trending Headlines about Genco Shipping & Trading

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

• Positive Sentiment: Company raised its quarterly dividend to $0.50 (annualized $2.00, ~8.6% yield) — a 233% increase from the prior payout, signaling stronger cash flow and returning capital to shareholders. Read More.
• Positive Sentiment: Q4 beat: GNK reported stronger-than-expected revenue (~$109.9M) and EPS that topped estimates, supporting improved profitability and cash generation. Read More.
• Positive Sentiment: Management flagged TCE (time charter equivalent) rising more than 50% YoY amid fleet expansion — suggests core shipping earnings are improving and underpin the larger dividend. Read More.
• Positive Sentiment: Zacks upgraded GNK to a Rank #1 (Strong Buy), which can attract fresh buying and momentum flows after the earnings/dividend news. Read More.
• Neutral Sentiment: GNK hit a new 52-week high after the results and payout — a technical/momentum signal but not a standalone fundamental change. Read More.
• Neutral Sentiment: Full Q4 earnings call transcript and slide deck are available for detail on guidance, fleet additions and capex assumptions — useful for validating sustainability of higher TCE. Read More.
• Negative Sentiment: Analyst divergence: Alliance Global Partners cut GNK from Buy to Neutral — a reminder not all brokers see sustained upside. Read More.
• Negative Sentiment: Insider selling: several senior executives (CAO, CFO, CCO) sold blocks at ~ $23.27 — raises short-term governance/insider-sentiment questions despite remaining holdings. SEC filings available. Read More.

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.