Insider Selling: Genco Shipping & Trading (NYSE:GNK) Insider Sells $192,210.20 in Stock

Genco Shipping & Trading Limited (NYSE:GNK) insider Jesper Christensen sold 8,260 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.27, for a total value of $192,210.20. Following the completion of the transaction, the insider directly owned 78,311 shares of the company’s stock, valued at $1,822,296.97. This trade represents a 9.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Genco Shipping & Trading Stock Up 1.6%

GNK stock opened at $23.94 on Friday. The stock has a market cap of $1.04 billion, a P/E ratio of -217.57, a PEG ratio of 5.39 and a beta of 1.21. The company has a current ratio of 2.39, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21. Genco Shipping & Trading Limited has a twelve month low of $11.20 and a twelve month high of $24.11. The company’s 50 day moving average is $19.94 and its two-hundred day moving average is $18.27.

Genco Shipping & Trading (NYSE:GNK) last posted its earnings results on Tuesday, February 17th. The shipping company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Genco Shipping & Trading had a negative net margin of 1.28% and a negative return on equity of 0.12%. The firm had revenue of $109.92 million for the quarter, compared to the consensus estimate of $78.52 million. During the same period last year, the firm posted $0.29 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Research analysts expect that Genco Shipping & Trading Limited will post 0.48 earnings per share for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.4%. This is an increase from Genco Shipping & Trading’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 11th. Genco Shipping & Trading’s payout ratio is presently -1,818.18%.

Key Genco Shipping & Trading News

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

• Positive Sentiment: Management boosted the quarterly dividend to $0.50 (previously $0.15) and signaled a larger Q1 payout after time‑charter equivalent (TCE) rates rose more than 50% year‑over‑year amid fleet expansion — this materially improves cash return expectations. Read More.
• Positive Sentiment: Q4 results beat consensus: EPS $0.39 (vs. ~$0.35 est.) and revenue roughly $109.9M (vs. est. ~$78.5M), with year‑over‑year revenue growth — stronger earnings and cash flow help justify the higher dividend and support near‑term fundamentals. Read More.
• Positive Sentiment: Zacks upgraded GNK from Hold to Strong Buy, which can attract momentum buyers following the earnings/dividend news. Read More.
• Neutral Sentiment: Market technicals: GNK has hit a new 52‑week high post‑earnings — a momentum signal but not a change to long‑term fundamentals. Read More.
• Neutral Sentiment: Investors can review the Q4 earnings call transcript and slides for details on forward TCE outlook, fleet additions and capex guidance to assess sustainability of higher payouts. Read More.
• Negative Sentiment: Alliance Global Partners downgraded GNK from Buy to Neutral, citing reasons spelled out in their note — this can limit further upside from institutional/retail buyers. Read More.
• Negative Sentiment: Insider selling: several senior executives (CAO, CFO and others) sold blocks of shares at ~ $23.27, trimming holdings — raises short‑term governance/insider‑sentiment questions even though insiders remain significant holders. Read More.

Hedge Funds Weigh In On Genco Shipping & Trading

A number of hedge funds and other institutional investors have recently bought and sold shares of GNK. PNC Financial Services Group Inc. raised its position in Genco Shipping & Trading by 82.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,942 shares of the shipping company’s stock worth $25,000 after buying an additional 876 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Genco Shipping & Trading during the third quarter worth about $30,000. Advisory Services Network LLC purchased a new position in Genco Shipping & Trading during the third quarter worth about $30,000. Strengthening Families & Communities LLC acquired a new stake in Genco Shipping & Trading in the fourth quarter valued at about $31,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Genco Shipping & Trading in the 4th quarter valued at approximately $32,000. 58.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Genco Shipping & Trading

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.