Genco Shipping & TradingGNK
GNK
About: Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, with two reportable segment: Major and Minor bulk fleet. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters. oyage revenues also include the sale of bunkers consumed during short-term time charters pursuant to the terms of the time charter agreement.
Employees: 1,037
0
Funds holding %
of 7,323 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
5% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 60
0.34% less ownership
Funds ownership: 62.91% [Q4 2024] → 62.57% (-0.34%) [Q1 2025]
5% less capital invested
Capital invested by funds: $375M [Q4 2024] → $356M (-$19.3M) [Q1 2025]
9% less funds holding
Funds holding: 190 [Q4 2024] → 172 (-18) [Q1 2025]
41% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 39
44% less call options, than puts
Call options by funds: $1.29M | Put options by funds: $2.31M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$17
7%
upside
Avg. target
$17
7%
upside
High target
$17
7%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jefferies Omar Nokta | 7%upside $17 | Buy Maintained | 8 May 2025 |
Financial journalist opinion
Based on 4 articles about GNK published over the past 30 days
Positive
Seeking Alpha
27 minutes ago
Genco Shipping: Strong Financial Position And Promising Outlook In Drybulk Shipping
Genco Shipping boasts a nearly net cash balance sheet, disciplined fleet management, and a strong, formula-driven dividend policy with opportunistic buybacks. Drybulk market fundamentals are favorable, with rising rates, balanced supply, and promising demand from new iron ore and bauxite projects, supporting higher future dividends. Despite a likely Q2 loss, I expect dividends to remain steady and to increase in Q3 as rates improve and earnings rebound.
Negative
Zacks Investment Research
13 hours ago
Analysts Estimate Genco Shipping & Trading (GNK) to Report a Decline in Earnings: What to Look Out for
Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
GlobeNewsWire
1 week ago
Genco Shipping & Trading Limited Announces Second Quarter 2025 Conference Call and Webcast
NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the second quarter of 2025 on Thursday, August 7, 2025 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2025 on Wednesday, August 6, 2025 after the close of market trading.
Neutral
GlobeNewsWire
2 weeks ago
Genco Shipping & Trading Closes New $600 Million Revolving Credit Facility, Increasing Borrowing Capacity by 50%
Further Enhances Financial Flexibility to Capitalize on Compelling Growth Opportunities Further Enhances Financial Flexibility to Capitalize on Compelling Growth Opportunities
Neutral
Seeking Alpha
2 months ago
Genco Shipping: Tailwinds Are Fading, Time To Hold Steady
Genco Shipping & Trading faces challenges due to lower fleet utilization of larger vessels and rising operational costs, impacting profitability and cash flow volatility. The strong performance in FY2024 driven by Chinese demand and Suez Canal inefficiencies is unlikely to be sustained in FY2025, leading to potential revenue declines. Global trade uncertainties, tariffs, and rising fuel prices pose significant headwinds, making the shipping industry's outlook bleak and impacting Genco's financial stability.
Positive
Seeking Alpha
2 months ago
Genco Shipping's Variable Dividend Story Still Appealing - COVID Reset Is Here
GNK's new $50M share repurchase program highlights the management's confidence surrounding its future profitability, despite the normalizing TCE rates. Much of its tailwinds may be attributed to the longer ton-miles arising from the rerouted soybean trade, along with the low new order book and Red Sea diversion. With GNK already reporting a much healthier balance sheet and a relatively low break even rate, we are likely to see richer bottom-lines and variable dividend payouts from Q2'25 onwards.
Neutral
Seeking Alpha
2 months ago
Genco Shipping & Trading Limited (GNK) Q1 2025 Earnings Call Transcript
Genco Shipping & Trading Limited (NYSE:GNK ) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Peter Allen - Chief Financial Officer John Wobensmith - Chief Executive Officer Michael Orr - Vice President of Finance Conference Call Participants Omar Nokta - Jefferies Liam Burke - B. Riley Securities, Inc. Poe Fratt - Alliance Global Partners Operator Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited First Quarter 2025 Earnings Conference Call and Presentation.
Negative
Zacks Investment Research
2 months ago
Genco Shipping & Trading (GNK) Reports Q1 Loss, Tops Revenue Estimates
Genco Shipping & Trading (GNK) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to earnings of $0.49 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Genco Shipping & Trading Limited Announces Q1 2025 Financial Results
Declares Dividend of $0.15 per share for Q1 2025 Represents Genco's 23ʳᵈ Consecutive Quarterly Dividend
Negative
Zacks Investment Research
3 months ago
Analysts Estimate Genco Shipping & Trading (GNK) to Report a Decline in Earnings: What to Look Out for
Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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