Jesper Christensen Sells 18,450 Shares of Genco Shipping & Trading (NYSE:GNK) Stock

Genco Shipping & Trading Limited (NYSE:GNK) insider Jesper Christensen sold 18,450 shares of Genco Shipping & Trading stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $23.66, for a total value of $436,527.00. Following the completion of the sale, the insider owned 98,299 shares of the company’s stock, valued at $2,325,754.34. The trade was a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jesper Christensen also recently made the following trade(s):

• On Wednesday, February 18th, Jesper Christensen sold 8,260 shares of Genco Shipping & Trading stock. The shares were sold at an average price of $23.27, for a total transaction of $192,210.20.

Genco Shipping & Trading Trading Up 0.4%

NYSE:GNK opened at $23.73 on Wednesday. The firm has a 50-day simple moving average of $20.16 and a 200-day simple moving average of $18.40. Genco Shipping & Trading Limited has a one year low of $11.20 and a one year high of $24.10. The firm has a market cap of $1.03 billion, a P/E ratio of -215.73, a P/E/G ratio of 5.41 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.39.

Genco Shipping & Trading (NYSE:GNK) last released its quarterly earnings data on Tuesday, February 17th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $109.92 million for the quarter, compared to the consensus estimate of $78.52 million. Genco Shipping & Trading had a negative net margin of 1.28% and a negative return on equity of 0.12%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. Equities analysts anticipate that Genco Shipping & Trading Limited will post 0.48 EPS for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, March 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.4%. This is a boost from Genco Shipping & Trading’s previous quarterly dividend of $0.15. Genco Shipping & Trading’s dividend payout ratio (DPR) is -545.45%.

Key Genco Shipping & Trading News

Here are the key news stories impacting Genco Shipping & Trading this week:

• Positive Sentiment: Quarterly results beat expectations — Genco reported $0.39 EPS (vs. $0.35 consensus) and revenue of $109.9M (well above ~$78.5M est.), signaling stronger shipping demand and improving top-line. This earnings/revenue surprise is a primary driver supporting the stock. MarketBeat: GNK earnings and summary
• Positive Sentiment: Large dividend increase — the board raised the quarterly payout to $0.50 (annualized $2.00; ~8.4% yield), boosting income appeal for yield-seeking investors and likely attracting demand into the shares ahead of the ex-dividend date (Mar 11). MarketBeat: Dividend increase
• Neutral Sentiment: Analyst views and valuation remain mixed — recent downgrades and some upgrades leave consensus somewhat split (average target near $21.00); this creates both upside from positive catalysts and downside if shipping conditions soften. MarketBeat: analyst coverage
• Neutral Sentiment: Balance sheet and metrics — GNK shows healthy liquidity ratios (current ~2.39, quick ~1.84) and low leverage (debt/equity ~0.21), which supports dividend funding flexibility, but profitability metrics remain weak (negative net margin and ROE), raising questions on dividend sustainability. MarketBeat: financial metrics
• Negative Sentiment: Insider selling by senior officers — multiple filings show sizable sales on Feb 23: CFO Peter George Allen sold 13,315 shares (~$315k) (SEC filing: http://www.sec.gov/Archives/edgar/data/1326200/000114036126006464/xslF345X05/form4.xml), CAO Joseph Adamo sold 6,340 shares (~$150k) (SEC filing: http://www.sec.gov/Archives/edgar/data/1326200/000114036126006467/xslF345X05/form4.xml), and insider Jesper Christensen sold 18,450 shares (~$436k) (SEC filing: http://www.sec.gov/Archives/edgar/data/1326200/000114036126006465/xslF345X05/form4.xml). These reductions (double-digit % cuts in their stakes) can be perceived negatively by the market despite remaining holdings. AmericanBankingNews: insider sale summary

Analyst Ratings Changes

Several equities analysts have issued reports on GNK shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genco Shipping & Trading in a research note on Monday, December 29th. Alliance Global Partners downgraded shares of Genco Shipping & Trading from a “buy” rating to a “neutral” rating in a research report on Thursday, February 19th. Wall Street Zen cut shares of Genco Shipping & Trading from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Finally, Zacks Research upgraded shares of Genco Shipping & Trading from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $21.00.

Institutional Trading of Genco Shipping & Trading

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised 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 buying an additional 876 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Genco Shipping & Trading in the 3rd quarter valued at $30,000. Advisory Services Network LLC acquired a new position in shares of Genco Shipping & Trading in the 3rd quarter valued at $30,000. Strengthening Families & Communities LLC purchased a new position in Genco Shipping & Trading in the 4th quarter worth $31,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Genco Shipping & Trading during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 58.62% of the company’s stock.

About Genco Shipping & Trading

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.