Genco Shipping & Trading Limited (GNK)
| Market Cap | 990.77M |
| Revenue (ttm) | 406.87M |
| Net Income (ttm) | 3.29M |
| Shares Out | 42.75M |
| EPS (ttm) | 0.07 |
| PE Ratio | 331.14 |
| Forward PE | 10.45 |
| Dividend | $1.68 (7.25%) |
| Ex-Dividend Date | May 21, 2024 |
| Volume | 414,926 |
| Open | 23.09 |
| Previous Close | 23.03 |
| Day's Range | 22.99 - 23.21 |
| 52-Week Range | 12.39 - 23.43 |
| Beta | 1.10 |
| Analysts | Strong Buy |
| Price Target | 26.67 (+15.06%) |
| Earnings Date | May 8, 2024 |
About GNK
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. The company was incorporated in 2004 and is headquartered in New York, New York. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for GNK stock is "Strong Buy." The 12-month stock price forecast is $26.67, which is an increase of 15.06% from the latest price.
News
Genco Shipping & Trading Issues Statement Regarding George Economou's Withdrawal of his Nominee
Sets the Record Straight on Economou's Campaign Genco Continues Executing on the Comprehensive Value Strategy It Initiated in 2021 Shareholders Should Still Get Their Votes In “FOR” the Re-Election of...
Genco CEO on Baltimore Bridge Collapse, Shipping Costs
John Wobensmith, Genco Shipping and Trading CEO, says tons of coal are still waiting to be shipped out of Baltimore after the Key Bridge was struck and destroyed by a container ship. He also talks abo...
GK Investor's Genco Campaign Results in Material Improvement
NEW YORK--(BUSINESS WIRE)--GK Investor LLC (“GK”), a shareholder of Genco Shipping & Trading Limited (“Genco” or the “Company”) (NYSE: GNK), today announced the following: On December 28, 2023, the la...
Genco Shipping & Trading Highlights Strong Results and 19th Consecutive Quarterly Dividend in Letter to Shareholders
Successfully Executing on its Comprehensive Value Strategy Reminds Shareholders to Vote “FOR” Genco's Nominees on the WHITE Proxy Card NEW YORK, May 14, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Tradi...
These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Genco Shipping & Trading (NYSE:GNK)
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...
Genco Shipping & Trading Limited Highlights ISS Recommendation to Vote “FOR” Each of Genco's Director Nominees
In its Report, ISS Notes the Dissident has Failed to Articulate a Compelling Case for Change at the Board of Genco In its Report, ISS Notes the Dissident has Failed to Articulate a Compelling Case for...
Genco Shipping & Trading Limited Announces Q1 2024 Financial Results
Declares Dividend of $0.42 per share for Q1 2024; Represents Genco's 19th Consecutive Quarterly Dividend Totaling $5.575 Per Share Declares Dividend of $0.42 per share for Q1 2024; Represents Genco's ...
Genco Shipping & Trading Limited Files Investor Presentation Highlighting Successful Comprehensive Value Strategy
Highly Qualified and Engaged Board Overseeing Sustainable, Long-Term Value Creation Urges Shareholders to Vote “FOR” the Re-Election of Genco's Nominees on the WHITE Proxy Card Today Advises Sharehold...
Genco Shipping & Trading Limited Outlines Economou's Track Record in Letter to Shareholders
The Genco Board of Directors Strongly Recommends Genco Shareholders Vote WITHHOLD on Economou's Nominee, Robert Pons
Genco Shipping & Trading Limited Shareholders Invited to Webcast with Board and Management Team
NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportati...
Genco Shipping & Trading Limited Mails Letter to Shareholders
Outlines Genco's Successful Comprehensive Value Strategy Reiterates Board's Unanimous Recommendation that Shareholders Vote “FOR” the Re-Election of Genco's Highly Qualified Nominees on the WHITE Prox...
George Economou Files Definitive Proxy Statement and Sends Letter to Genco Shareholders
NEW YORK--(BUSINESS WIRE)--GK Investor LLC (“GK”), an affiliate of George Economou that is an approximately 5.3% shareholder of Genco Shipping & Trading Limited (“Genco” or the “Company”) (NYSE: GNK),...
Genco Shipping & Trading Limited Files Definitive Proxy Materials and Mails Letter to Shareholders
Urges Shareholders to Vote “FOR” the Re-Election of Genco's Seven Highly Qualified Nominees on the WHITE Proxy Card Today
Genco Shipping & Trading Limited Announces First Quarter 2024 Conference Call and Webcast
NEW YORK, April 10, 2024 (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 ...
Genco Shipping & Trading Limited Files Preliminary Proxy Statement
NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportat...
Genco CEO on Baltimore Port, Global Shipping Issues
Genco Shipping & Trading President and CEO John Wobensmith discusses the impact of the Baltimore Key bridge collapse on his company and general shipping in the US and examines issues in the Panama Can...
Genco CEO discusses conditions in the Panama Canal and the Black Sea
Genco Shipping CEO John Wobensmith outlines how climate events and geopolitical headwinds, such as the restriction of the Panama Canal and reduced grain exports from Ukraine, are affecting the shippin...
Genco Shipping & Trading Rejects George Economou Nominees
NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportati...
Genco Shipping & Trading Appoints Paramita Das to Board of Directors
NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportati...
Genco Shipping & Trading Limited Announces Participation at Upcoming Investor Conferences
NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer, and Peter Allen, Chief Financial Officer, ar...
Genco Shipping & Trading Limited Announces Q4 2023 Financial Results
Executes on All Three Pillars of Value Strategy Related to Dividends, Deleveraging and Growth Declares Dividend of $0.41 per share for Q4 2023; Represents Genco's 18 th Consecutive Quarterly Dividend ...
Genco Shipping & Trading Limited Announces Fourth Quarter 2023 Conference Call and Webcast
NEW YORK, Feb. 06, 2024 (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 fourth quarter of ...
Red Sea container traffic is down almost 30% amid Houthi attacks, says IMF, as experts weigh wider impact
Houthi attacks on cargo ships have cut Red Sea container traffic by almost 30% since late last year, according to the International Monetary Fund.
Genco Highlights Steps the Company Is Taking to Drive Sustainable, Long-Term Shareholder Value
NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportatio...
Shipping stocks rise as latest Houthi attack thrusts dry bulk fleet into the spotlight
Shipping stocks were on the rise Tuesday despite Monday's ballistic missile attack on a U.S. -owned vessel in the Gulf of Aden.