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 7,296 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
20%
upside
Avg. target
$17
20%
upside
High target
$17
20%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jefferies Omar Nokta | 20%upside $17 | Buy Maintained | 8 May 2025 |
Financial journalist opinion
Neutral
Seeking Alpha
4 weeks 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
1 month 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
1 month 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
1 month 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
1 month 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
1 month 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.
Positive
Benzinga
1 month ago
Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Neutral
GlobeNewsWire
1 month ago
Genco Shipping & Trading Limited Announces First Quarter 2025 Conference Call and Webcast
NEW YORK, April 16, 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 first quarter of 2025 on Thursday, May 8, 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 first quarter ended March 31, 2025 on Wednesday, May 7, 2025 after the close of market trading.
Positive
Seeking Alpha
3 months ago
Dividend Power Dogs: 3 Top Dividend Picks For March
Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for the top ten Dividend Power stocks by March 2026, with an average net gain of 77.96%.
Positive
Seeking Alpha
3 months ago
Genco Shipping: Take Advantage Of The Seasonal Low
Genco's current stock price offers value, trading at a discount to book value with an over 8% dividend yield despite a recent cut. The Baltic Drybulk Index's seasonal low impacts Genco's revenue and dividend but presents upside potential as spot prices are expected to rise. Genco's strategic capital management, including vessel acquisitions during low BDI periods, demonstrates strong operational foresight and resilience.
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