Key Points
- Insider sale: CAO Joseph Adamo sold 3,227 shares at an average price of $23.27 on Feb. 18, trimming his stake by 9.49% to 30,772 shares (≈$716k), and other senior execs also sold similar-sized blocks, raising short-term insider-sentiment questions.
- Q4 beat: Genco reported Q4 revenue of $109.92M and EPS of $0.39, both above consensus (revenue est. $78.52M, EPS est. $0.35), with revenue up 10.8% year-over-year.
- Dividend hike: The company raised its quarterly dividend to $0.50 from $0.15 (annualized $2.00, ~8.6% yield); the ex-dividend date is Mar. 11 and payment is scheduled for Mar. 18.
Genco Shipping & Trading Limited (NYSE:GNK - Get Free Report) CAO Joseph Adamo sold 3,227 shares of the 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 $75,092.29. Following the transaction, the chief accounting officer owned 30,772 shares of the company's stock, valued at $716,064.44. This represents a 9.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Genco Shipping & Trading Stock Performance
Genco Shipping & Trading stock opened at $23.35 on Thursday. The company's 50-day moving average price is $19.72 and its 200-day moving average price is $18.18. The company has a quick ratio of 1.98, a current ratio of 2.36 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.01 billion, a PE ratio of -212.21, a price-to-earnings-growth ratio of 6.08 and a beta of 1.21. Genco Shipping & Trading Limited has a twelve month low of $11.20 and a twelve month high of $23.68.
Genco Shipping & Trading (NYSE:GNK - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The shipping company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Genco Shipping & Trading had a negative return on equity of 0.12% and a negative net margin of 1.28%.The company had revenue of $109.92 million during the quarter, compared to analyst estimates of $78.52 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm's revenue was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that Genco Shipping & Trading Limited will post 0.48 EPS for the current fiscal year.
Genco Shipping & Trading Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th will be issued a $0.50 dividend. This is a positive change from Genco Shipping & Trading's previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.6%. Genco Shipping & Trading's dividend payout ratio (DPR) is presently -352.94%.
Genco Shipping & Trading News Summary
Here are the key news stories impacting Genco Shipping & Trading this week:
- Positive Sentiment: Company signals higher Q1 dividend and reports TCE (time charter equivalent) rising more than 50% year-over-year amid fleet expansion — management flagged a larger payout as shipping economics improved. Genco signals higher Q1 2026 dividend
- Positive Sentiment: Q4 results beat consensus on revenue (reported ~$109.9M vs. lower estimates) with improved margins and year-over-year revenue growth — the topline strength supports better cash generation going forward. Q4 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Zacks upgraded GNK to a Rank #1 (Strong Buy), which can attract buy-side interest and momentum traders following the stronger results and dividend move. Upgrade to Strong Buy
- Neutral Sentiment: Market reaction: GNK has reached a new 52-week high following earnings and the dividend announcement — useful as a momentum signal but not a fundamental change. Hits New 52-Week High After Strong Earnings
- Neutral Sentiment: Full Q4 earnings call transcript and slide deck are available for deeper read-through of guidance, fleet additions and cost dynamics — worth reviewing for forward TCE and capex details. Q4 2025 Earnings Call Transcript
- Negative Sentiment: Insider sales: several senior execs (CAO, CFO, CCO) sold sizable blocks (~3k–8k shares each) at roughly $23.27, trimming positions — raises short-term governance/insider-sentiment questions even though holdings remain material. SEC filings: Adamo Form 4 Christensen Form 4 Allen Form 4
Institutional Trading of Genco Shipping & Trading
Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in shares of Genco Shipping & Trading by 82.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,942 shares of the shipping company's stock worth $25,000 after purchasing an additional 876 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Genco Shipping & Trading in the 3rd quarter valued at about $30,000. Advisory Services Network LLC bought a new position in Genco Shipping & Trading in the 3rd quarter worth about $30,000. Strengthening Families & Communities LLC bought a new position in Genco Shipping & Trading in the 4th quarter worth about $31,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Genco Shipping & Trading during the fourth quarter worth approximately $32,000. 58.62% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on GNK. Wall Street Zen downgraded Genco Shipping & Trading from a "hold" rating to a "sell" rating in a research report on Sunday, December 14th. Zacks Research upgraded 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 report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Genco Shipping & Trading currently has an average rating of "Buy" and an average price target of $21.00.
Read Our Latest Report on GNK
Genco Shipping & Trading Company Profile
(
Get Free Report)
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.
Further Reading
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