Genco Shipping & Trading (NYSE:GNK) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Genco Shipping & Trading (NYSE:GNK) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Genco Shipping & Trading in a report on Monday, December 29th. Wall Street Zen lowered shares of Genco Shipping & Trading from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Genco Shipping & Trading presently has an average rating of “Buy” and a consensus price target of $21.00.

Genco Shipping & Trading Stock Up 3.6%

NYSE:GNK opened at $23.35 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $19.72 and a 200-day moving average of $18.18. The firm has a market capitalization of $1.01 billion, a PE ratio of -212.21, a price-to-earnings-growth ratio of 6.08 and a beta of 1.21. Genco Shipping & Trading has a 52 week low of $11.20 and a 52 week high of $23.68.

Genco Shipping & Trading (NYSE:GNK) last released its quarterly earnings data on Tuesday, February 17th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $109.92 million during the quarter, compared to analyst estimates of $78.52 million. Genco Shipping & Trading had a negative return on equity of 0.12% and a negative net margin of 1.28%.The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Analysts predict that Genco Shipping & Trading will post 0.48 EPS for the current year.

Genco Shipping & Trading Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, March 11th. This is an increase from Genco Shipping & Trading’s previous quarterly dividend of $0.15. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.6%. Genco Shipping & Trading’s dividend payout ratio is currently -352.94%.

Insiders Place Their Bets

In other Genco Shipping & Trading news, insider Jesper Christensen sold 8,260 shares of the business’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 transaction, the insider owned 78,311 shares in the company, valued at $1,822,296.97. The trade was a 9.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Joseph Adamo sold 3,227 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.27, for a total value of $75,092.29. Following the completion of the transaction, the chief accounting officer owned 30,772 shares in the company, valued at $716,064.44. This represents a 9.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 17,719 shares of company stock worth $412,321. 2.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Genco Shipping & Trading

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of Genco Shipping & Trading by 82.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,942 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 876 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Genco Shipping & Trading in the third quarter worth about $30,000. Advisory Services Network LLC bought a new position in shares of Genco Shipping & Trading in the third quarter worth about $30,000. Strengthening Families & Communities LLC acquired a new position in shares of Genco Shipping & Trading during the fourth quarter worth approximately $31,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Genco Shipping & Trading in the fourth quarter valued at approximately $32,000. 58.62% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Genco Shipping & Trading

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

• Positive Sentiment: Company signals higher Q1 dividend and reports TCE (time charter equivalent) rising more than 50% year-over-year amid fleet expansion — management flagged a larger payout as shipping economics improved. Genco signals higher Q1 2026 dividend
• Positive Sentiment: Q4 results beat consensus on revenue (reported ~$109.9M vs. lower estimates) with improved margins and year-over-year revenue growth — the topline strength supports better cash generation going forward. Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Zacks upgraded GNK to a Rank #1 (Strong Buy), which can attract buy-side interest and momentum traders following the stronger results and dividend move. Upgrade to Strong Buy
• Neutral Sentiment: Market reaction: GNK has reached a new 52-week high following earnings and the dividend announcement — useful as a momentum signal but not a fundamental change. Hits New 52-Week High After Strong Earnings
• Neutral Sentiment: Full Q4 earnings call transcript and slide deck are available for deeper read-through of guidance, fleet additions and cost dynamics — worth reviewing for forward TCE and capex details. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Insider sales: several senior execs (CAO, CFO, CCO) sold sizable blocks (~3k–8k shares each) at roughly $23.27, trimming positions — raises short-term governance/insider-sentiment questions even though holdings remain material. SEC filings: Adamo Form 4 Christensen Form 4 Allen Form 4

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.