Grindrod Shipping Holdings
GRIN

$14.15

0.14%

Market Cap: 279M

About: Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue.

Employees: 1,015

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

800% more call options, than puts

Call options by funds: $9K | Put options by funds: $1K

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

6% more funds holding

Funds holding: 16 [Q4 2023] → 17 (+1) [Q1 2024]

0.5% less ownership

Funds ownership: 1.12% [Q4 2023] → 0.62% (-0.5%) [Q1 2024]

36% less capital invested

Capital invested by funds: $1.96M [Q4 2023] → $1.25M (-$711K) [Q1 2024]

89% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 9

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Research analyst outlook

We haven’t received any recent analyst ratings for GRIN.

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Financial journalist opinion

Grindrod Shipping Holdings Ltd. Announces Declaration and Finalisation Announcement in Respect of the Selective Capital Reduction and the Cash Distribution

GRINDROD SHIPPING HOLDINGS LTD. ANNOUNCES DECLARATION AND FINALISATION ANNOUNCEMENT IN RESPECT OF THE SELECTIVE CAPITAL REDUCTION AND THE CASH DISTRIBUTION

Grindrod Shipping Holdings Ltd. Announces Declaration and Finalisation Announcement in Respect of the Selective Capital Reduction and the Cash Distribution

Grindrod Shipping Holdings Ltd. Announces Court Approval in Respect of the Selective Capital Reduction

SINGAPORE, July 17, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that the High Court of the Republic of Singapore has approved the proposed selective capital reduction of the Company (the “Selective Capital Reduction”) pursuant to Section 78G of the Companies Act 1967 of Singapore (the “Companies Act”), by which the Company will reduce the issued share capital of the Company from US$290,193,001, comprising 19,685,590 ordinary shares of the Company (“Shares”), to US$240,614,044 comprising 16,206,365 Shares.

Grindrod Shipping Holdings Ltd. Announces Court Approval in Respect of the Selective Capital Reduction

Grindrod Shipping Holdings Ltd. Announces Results of the Extraordinary General Meeting Held on June 20, 2024

SINGAPORE, June 20, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that on June 20, 2024 at 18:00 Singapore Standard time, Grindrod Shipping Holdings Ltd.

Grindrod Shipping Holdings Ltd. Announces Results of the Extraordinary General Meeting Held on June 20, 2024

Grindrod Shipping Holdings Ltd. Announces Despatch of Circular and Notice of Extraordinary General Meeting to Shareholders

SINGAPORE, May 14, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that it has despatched a circular (the “Circular”) to the shareholders of the Company (the “Shareholders”) in connection with the proposed selective capital reduction of the Company (the “Selective Capital Reduction”) pursuant to Section 78G of the Companies Act 1967 of Singapore.

Grindrod Shipping Holdings Ltd. Announces Despatch of Circular and Notice of Extraordinary General Meeting to Shareholders

Grindrod Shipping: Minority Shareholder Buyout Proposal Might Not Pass

Grindrod Shipping shares rallied by 30% after the company announced plans to buy out minority shareholders for $14.25 in cash per common share.

Grindrod Shipping: Minority Shareholder Buyout Proposal Might Not Pass

Grindrod Shipping Holdings Ltd. Announces Proposed Selective Capital Reduction

SINGAPORE, April 04, 2024 (GLOBE NEWSWIRE) -- Exhibit 99.1 GRINDROD SHIPPING HOLDINGS LTD. (Incorporated in Singapore) (Registration No.

Grindrod Shipping Holdings Ltd. Announces Proposed Selective Capital Reduction

Grindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023

SINGAPORE, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its second half (1) and full year 2023 earnings results for the period ended December 31, 2023.

Grindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023

Grindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023

SINGAPORE, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced it will release its second half and full year 2023 earnings results for the period ended December 31, 2023 on Wednesday, February 28, 2024, after market closing in New York.

Grindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023

Grindrod Shipping Holdings Ltd. Announces Ship Sales

SINGAPORE, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company”), a global provider of maritime transportation services predominantly in the drybulk sector, announced the completion of the following transactions.

Grindrod Shipping Holdings Ltd. Announces Ship Sales

Grindrod Shipping: Favorable Outlook, M&A Completion, And Very Cheap

Grindrod didn't only continue to reduce its total amount of debt in the last quarter, management also reported the completion of the acquisition of Tamar Ship Management Limited. Favorable outlook for the geared dry bulk segment and expected market growth in the Asia Pacific region could lead to net sales growth. Stable balance sheet with negative working capital and recent debt reduction promises may positively impact future valuation multiples.

Grindrod Shipping: Favorable Outlook, M&A Completion, And Very Cheap

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