Genco Shipping & Trading Limited (GNK)

NYSE: GNK · IEX Real-Time Price · USD
20.24
-0.21 (-1.00%)
Jul 19, 2024, 10:23 AM EDT - Market open
-1.00%
Market Cap 864.44M
Revenue (ttm) 406.87M
Net Income (ttm) 3.29M
Shares Out 42.75M
EPS (ttm) 0.07
PE Ratio 292.00
Forward PE 9.49
Dividend $1.68 (8.20%)
Ex-Dividend Date May 21, 2024
Volume 31,749
Open 20.48
Previous Close 20.44
Day's Range 20.21 - 20.48
52-Week Range 12.65 - 23.43
Beta 0.94
Analysts Strong Buy
Price Target 26.75 (+32.2%)
Earnings Date Aug 7, 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]

Industry Marine Shipping
Sector Industrials
IPO Date Jul 22, 2005
Employees 1,105
Stock Exchange NYSE
Ticker Symbol GNK
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for GNK stock is "Strong Buy." The 12-month stock price forecast is $26.75, which is an increase of 32.20% from the latest price.

Price Target
$26.75
(32.20% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Genco Shipping & Trading Limited Announces Second Quarter 2024 Conference Call and Webcast

NEW YORK, July 16, 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 second quarter of ...

2 days ago - GlobeNewsWire

Genco Shipping & Trading Shareholders Overwhelmingly Re-Elect All Genco Director Nominees at the 2024 Annual Meeting

NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) the largest U.S. headquartered drybulk shipowner focused on the global transportation ...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - Bloomberg Markets and Finance

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...

2 months ago - Business Wire

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...

2 months ago - GlobeNewsWire

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...

Other symbols: SBLKTRN
2 months ago - Benzinga

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...

2 months ago - GlobeNewsWire

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 ...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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),...

3 months ago - Business Wire

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

3 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - Bloomberg Markets and Finance

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...

4 months ago - CNBC International TV

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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 ...

5 months ago - GlobeNewsWire

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 ...

5 months ago - GlobeNewsWire

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.

Other symbols: AMKBYGOGLSBSBLK
6 months ago - Market Watch