Genco Shipping & Trading Limited (GNK)

NYSE: GNK · IEX Real-Time Price · USD
21.19
-0.03 (-0.14%)
Apr 25, 2024, 10:09 AM EDT - Market open
-0.14%
Market Cap 906.43M
Revenue (ttm) 383.83M
Net Income (ttm) -12.87M
Shares Out 42.75M
EPS (ttm) -0.30
PE Ratio n/a
Forward PE 9.91
Dividend $0.86 (4.06%)
Ex-Dividend Date Mar 5, 2024
Volume 33,217
Open 21.10
Previous Close 21.22
Day's Range 21.06 - 21.19
52-Week Range 12.39 - 21.31
Beta 1.13
Analysts Strong Buy
Price Target 21.50 (+1.46%)
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]

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 3 analysts, the average rating for GNK stock is "Strong Buy." The 12-month stock price forecast is $21.5, which is an increase of 1.46% from the latest price.

Price Target
$21.5
(1.46% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

1 day 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),...

6 days 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

8 days 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 ...

14 days 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...

21 days 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...

21 days 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...

5 weeks 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...

7 weeks 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...

7 weeks 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...

7 weeks 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 ...

2 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 ...

2 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
3 months ago - Market Watch

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...

3 months ago - GlobeNewsWire

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.

Other symbols: GOGLSBSBLK
3 months ago - Market Watch

George Economou Nominates Two Candidates for Genco Board

NEW YORK--(BUSINESS WIRE)--GK Investor LLC (“GK”), an affiliate of George Economou that is an approximately 5.4% shareholder of Genco Shipping & Trading Limited (“Genco” or the “Company”) (NYSE: GNK),...

3 months ago - Business Wire

Supply constraints are key theme for shipping industry going forward: Genco CEO

John Wobensmith, chief executive of Genco Shipping, talks about the outlook for the shipping industry, including supply constraints and environmental regulation.

5 months ago - CNBC International TV

Genco Shipping & Trading Limited Closes $500 Million Credit Facility

Revolving Credit Facility Significantly Increases Borrowing Capacity & Enhances Financial Flexibility Revolving Credit Facility Significantly Increases Borrowing Capacity & Enhances Financial Flexibil...

5 months ago - GlobeNewsWire

Genco Shipping & Trading Limited Advances Fleet Renewal Strategy

Acquired Two High Specification Scrubber-Fitted Capesize Vessels; Agreed to Sell Older, Less Fuel-Efficient Capesize Vessel Acquired Two High Specification Scrubber-Fitted Capesize Vessels; Agreed to ...

5 months ago - GlobeNewsWire

These 3 Industrial Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Copa Holdings (NYSE:CPA), 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: CPASBLK
5 months ago - Benzinga

Genco Shipping & Trading Limited Announces Q3 2023 Financial Results

Declares Dividend of $0.15 per share for Q3 2023, Genco's 17 th Consecutive Quarterly Dividend

6 months ago - GlobeNewsWire

Genco Shipping & Trading Limited Announces Third Quarter 2023 Conference Call and Webcast

NEW YORK, Oct. 05, 2023 (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 third quarter of 2...

7 months ago - GlobeNewsWire

Genco Shipping & Trading Limited to Participate in the Jefferies Industrials Conference

NEW YORK, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer, and Peter Allen, Chief Financial Officer, are...

8 months ago - GlobeNewsWire

Genco Shipping & Trading Limited Announces Q2 2023 Financial Results

Declares Dividend of $0.15 per share for Q2 2023, Genco's 16th Consecutive Quarterly Dividend Declares Dividend of $0.15 per share for Q2 2023, Genco's 16th Consecutive Quarterly Dividend

9 months ago - GlobeNewsWire

Genco Shipping & Trading Limited Announces Second Quarter 2023 Conference Call and Webcast

NEW YORK, July 05, 2023 (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 ...

10 months ago - GlobeNewsWire