Peter George Allen Sells 6,232 Shares of Genco Shipping & Trading (NYSE:GNK) Stock

Genco Shipping & Trading Limited (NYSE:GNK) CFO Peter George Allen sold 6,232 shares of Genco Shipping & Trading stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.27, for a total value of $145,018.64. Following the sale, the chief financial officer directly owned 52,002 shares of the company’s stock, valued at approximately $1,210,086.54. The trade was a 10.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Genco Shipping & Trading Stock Performance

GNK stock opened at $23.54 on Friday. Genco Shipping & Trading Limited has a 12 month low of $11.20 and a 12 month high of $23.90. The company has a quick ratio of 1.98, a current ratio of 2.36 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $19.83 and a two-hundred day moving average of $18.22. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -213.99, a P/E/G ratio of 6.31 and a beta of 1.21.

Genco Shipping & Trading (NYSE:GNK) last released its earnings results on Tuesday, February 17th. The shipping company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $109.92 million for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. As a group, equities analysts anticipate that Genco Shipping & Trading Limited will post 0.48 EPS for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th will be given a dividend of $0.50 per share. This is a positive change from Genco Shipping & Trading’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 11th. This represents a $2.00 annualized dividend and a yield of 8.5%. Genco Shipping & Trading’s dividend payout ratio is currently -352.94%.

Hedge Funds Weigh In On Genco Shipping & Trading

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Genco Shipping & Trading by 68.2% in the 1st quarter. Royal Bank of Canada now owns 54,287 shares of the shipping company’s stock valued at $725,000 after buying an additional 22,007 shares during the last quarter. Amundi raised its position in Genco Shipping & Trading by 29.0% during the 1st quarter. Amundi now owns 8,000 shares of the shipping company’s stock worth $101,000 after purchasing an additional 1,800 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Genco Shipping & Trading by 49.3% during the 1st quarter. AQR Capital Management LLC now owns 296,188 shares of the shipping company’s stock worth $3,957,000 after buying an additional 97,766 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Genco Shipping & Trading by 59.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 17,848 shares of the shipping company’s stock worth $238,000 after acquiring an additional 6,660 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of Genco Shipping & Trading by 60.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 60,196 shares of the shipping company’s stock valued at $787,000 after purchasing an additional 22,740 shares in the last quarter. 58.62% of the stock is currently owned by institutional investors and hedge funds.

Genco Shipping & Trading News Roundup

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.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GNK shares. Zacks Research upgraded Genco Shipping & Trading from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genco Shipping & Trading in a research note on Monday, December 29th. Wall Street Zen lowered shares of Genco Shipping & Trading from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Finally, Alliance Global Partners downgraded Genco Shipping & Trading from a “buy” rating to a “neutral” rating in a research note on Thursday. Three investment 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 MarketBeat, the stock has an average rating of “Buy” and an average target price of $21.00.

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.