B. Riley Issues Negative Estimate for GNK Earnings

Genco Shipping & Trading Limited (NYSE:GNK - Free Report) - Stock analysts at B. Riley decreased their Q4 2025 earnings estimates for shares of Genco Shipping & Trading in a research report issued to clients and investors on Thursday, April 24th. B. Riley analyst L. Burke now forecasts that the shipping company will earn $0.17 per share for the quarter, down from their previous estimate of $0.24. The consensus estimate for Genco Shipping & Trading's current full-year earnings is $0.48 per share. B. Riley also issued estimates for Genco Shipping & Trading's FY2026 earnings at $0.41 EPS.

GNK has been the topic of a number of other research reports. Jefferies Financial Group dropped their price target on Genco Shipping & Trading from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Pareto Securities upgraded shares of Genco Shipping & Trading to a "strong-buy" rating in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Genco Shipping & Trading Stock Down 0.1 %

Genco Shipping & Trading stock traded down $0.02 during midday trading on Friday, reaching $12.86. The company's stock had a trading volume of 424,182 shares, compared to its average volume of 553,878. The business has a 50-day simple moving average of $13.33 and a 200-day simple moving average of $14.66. The company has a market cap of $552.24 million, a P/E ratio of 7.35, a P/E/G ratio of 5.64 and a beta of 0.96. Genco Shipping & Trading has a fifty-two week low of $11.20 and a fifty-two week high of $23.43. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 0.08.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) last released its earnings results on Wednesday, February 19th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.27). Genco Shipping & Trading had a return on equity of 7.82% and a net margin of 18.06%. The business had revenue of $67.95 million for the quarter, compared to analyst estimates of $67.36 million.

Genco Shipping & Trading Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a $0.30 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 9.33%. Genco Shipping & Trading's dividend payout ratio is currently 68.57%.

Insider Activity at Genco Shipping & Trading

In related news, CFO Peter George Allen sold 8,984 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $13.96, for a total value of $125,416.64. Following the sale, the chief financial officer now owns 45,251 shares in the company, valued at $631,703.96. This represents a 16.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jesper Christensen sold 13,602 shares of Genco Shipping & Trading stock in a transaction on Monday, February 24th. The stock was sold at an average price of $13.96, for a total value of $189,883.92. Following the transaction, the insider now directly owns 57,322 shares of the company's stock, valued at approximately $800,215.12. This represents a 19.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,812 shares of company stock worth $402,216 over the last three months. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Banque Transatlantique SA purchased a new stake in shares of Genco Shipping & Trading in the fourth quarter valued at $28,000. R Squared Ltd acquired a new stake in Genco Shipping & Trading during the fourth quarter worth approximately $29,000. New Age Alpha Advisors LLC purchased a new stake in Genco Shipping & Trading in the 4th quarter worth approximately $56,000. GAMMA Investing LLC raised its holdings in Genco Shipping & Trading by 1,119.1% in the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the shipping company's stock valued at $60,000 after acquiring an additional 4,096 shares during the last quarter. Finally, Randolph Co Inc purchased a new position in shares of Genco Shipping & Trading during the 1st quarter worth $134,000. 58.62% of the stock is owned by hedge funds and other institutional investors.

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.