Genco Shipping & Trading stock hits 52-week high at 23.94 USD
Genco Shipping & Trading Ltd's stock has reached a new 52-week high of $23.94 USD, reflecting a 67.77% increase over the past year and strong investor confidence. This surge occurs amidst a dispute where Genco rejected Diana Shipping Inc.'s unsolicited acquisition proposal of $20.60 per share, which Genco deemed undervalues the company. Genco's board is currently reviewing the proposal with advisors.
Genco Shipping Q4 and Full Year 2025 Financial Results and Liquidity - News and Statistics
Genco Shipping & Trading Limited announced its financial and operational results for Q4 and full year 2025, revealing a significant increase in its borrowing capacity by $80 million through its revolving credit facility. The company reported a strong liquidity position of $455.5 million at the end of 2025, comprising $55.5 million in cash and $400 million in available credit. This news highlights Genco's solid financial health and strategic expansion in the drybulk shipping sector.
Genco Shipping & Trading Limited (NYSE:GNK) Receives Average Rating of "Buy" from Analysts
Genco Shipping & Trading Limited (NYSE:GNK) has received an average "Buy" rating from six brokerages, with an average one-year target price of $21.00. The company recently reported better-than-expected Q4 earnings and revenue, and announced a significant increase in its quarterly dividend to $0.50 per share. Despite positive operational news and institutional ownership, recent insider sales have raised short-term investor concerns.
Genco Shipping & Trading Limited (NYSE:GNK) Q4 2025 Earnings Call Transcript
Genco Shipping & Trading Limited reported strong Q4 2025 results, achieving multi-year highs in key metrics and declaring its 26th consecutive dividend with an annualized yield of 9%. The company highlighted its successful value strategy focused on dividends, financial deleveraging, and opportunistic fleet growth, which has led to significant investments in modern vessels and a low net loan-to-value of 12%. Genco plans to further expand its fleet with two Newcastlemax vessels in March 2026 and expects continued strong performance and shareholder returns.
Genco Shipping CEO Wobensmith sells $433k in shares
Genco Shipping & Trading Ltd (NYSE:GNK) CEO John C. Wobensmith sold 18,642 shares for $433,612 but also acquired 37,284 shares through restricted stock units. This comes as Genco announced the acquisition of two Newcastlemax vessels and is reviewing a non-binding acquisition proposal from Diana Shipping Inc., which Genco has indicated undervalues the company.
Genco Shipping & Trading Limited announce fourth quarter results for 2025
Genco Shipping & Trading Limited announced its Q4 2025 financial results, including a US$0.50 per share dividend, marking its 26th consecutive quarterly dividend. The company reported a net income of US$15.4 million and an adjusted EBITDA of US$42.0 million, the highest since Q4 2022. Genco also continued its fleet expansion, acquiring additional Capesize and Newcastlemax vessels and upsized its borrowing capacity by US$80 million, anticipating a strong dry bulk market in 2026.
Genco shipping chief accounting officer Adamo sells $75k in stock
Joseph Adamo, Chief Accounting Officer of Genco Shipping & Trading Ltd (NYSE:GNK), sold 3,227 shares of company stock for approximately $75,092, while also acquiring 7,170 shares through the vesting of performance restricted stock units. Additionally, Adamo was granted 6,215 new restricted stock units. This comes as Genco Shipping acquires two Newcastlemax vessels and considers a non-binding acquisition proposal from Diana Shipping Inc., which the board has rejected due to undervaluation.
Genco Shipping & Trading (NYSE:GNK) CFO Peter George Allen Sells 6,232 Shares
Genco Shipping & Trading's CFO, Peter George Allen, sold 6,232 shares of the company's stock for over $145,000, reducing his ownership by 10.7%. This news comes as Genco announced a significant increase in its quarterly dividend from $0.15 to $0.50 and reported strong Q4 results, beating revenue and EPS estimates. Despite the insider selling, the company has an average "Buy" rating from analysts with an average target price of $21.00.
Insider Selling: Genco Shipping & Trading (NYSE:GNK) Insider Sells 8,260 Shares of Stock
Jesper Christensen, an insider at Genco Shipping & Trading (NYSE:GNK), sold 8,260 shares of the company's stock for approximately $192,210, reducing his stake by 9.54%. This sale comes amidst the company's recent announcement of a significant dividend increase to $0.50 per quarter, implying an 8.6% yield, and better-than-expected Q4 earnings, though the company still faces negative net margins. Analysts remain mixed, with an average "Buy" rating and a consensus price target of $21.00.
GENCO SHIPPING & TRADING LTD SEC 10-K Report
GENCO SHIPPING & TRADING LTD (GNK) has released its 2025 10-K report, detailing a significant decline in financial performance with total revenues down 19.1% and a net loss of $4.5 million, primarily due to lower shipping rates and increased expenses. The company outlined its fleet composition, strategic initiatives including fleet renewal and a $600 million revolving credit facility, and its commitment to maintaining a quarterly dividend. The report also addresses market, operational, and regulatory risks, emphasizing management's focus on a high-quality fleet, debt reduction, and strategic growth.
Genco Shipping & Trading Limited (NYSE:GNK) Increases Dividend to $0.50 Per Share
Genco Shipping & Trading Limited (NYSE:GNK) has announced a significant increase in its quarterly dividend to $0.50 per share, up from $0.15, implying an annualized yield of about 8.7%. The dividend, payable on March 18th to shareholders of record on March 11th, appears well-covered with a payout ratio of 49.6% and projected EPS of $1.13 for next year. Despite beating recent earnings estimates, the company reported negative net margin and ROE, with the stock currently trading near $22.87 against a consensus target of $21.00.
Genco Shipping & Trading Ltd Reports Q4 2025 Results with Revenue Growth and Higher Earnings
Genco Shipping & Trading Ltd (GNK) reported its Q4 2025 results, showing revenue growth and higher earnings compared to the prior year. The company achieved voyage revenues of $109.9 million and a net income of $15.4 million, or $0.35 per diluted share. Genco also declared a dividend of $0.50 per share, marking its 26th consecutive distribution, and emphasized its focus on disciplined capital allocation in the volatile dry bulk shipping market.
Genco Shipping & Trading Limited Q4 2025 Financial Results
Genco Shipping & Trading Limited announced strong financial results for Q4 2025, reporting a net income of $15.4 million and an average daily time charter equivalent (TCE) rate of $20,064. The company declared a dividend of $0.50 per share, acquired new vessels to enhance capacity, and maintained a strong liquidity position, expressing optimism for continued growth and shareholder returns in 2026.
Genco Shipping: Q4 Earnings Snapshot
Genco Shipping & Trading Ltd. (GNK) reported fourth-quarter earnings of $15.4 million, or 35 cents per share, which adjusted for non-recurring costs, amounted to 39 cents per share. The drybulk cargo transporter recorded $109.9 million in revenue, with adjusted revenue at $78.8 million. For the full year, Genco Shipping reported a loss of $4.4 million and revenue of $226.7 million.
Genco Shipping & Trading Limited Announces Q4 2025 Financial Results
Genco Shipping & Trading Limited announced its Q4 2025 financial results, reporting a $0.50 per share dividend, the highest since 2022, and its 26th consecutive quarterly dividend. The company achieved Q4 Adjusted EBITDA of $42.0 million and a TCE of $20,064 per day, marking the highest levels since 2022. Genco also announced the expected delivery of two Newcastlemax vessels in Q1 2026, aiming to further enhance its earnings and dividend capacity.
Genco boosts $0.50 dividend after $343M fleet expansion
Genco Shipping & Trading Limited (NYSE: GNK) announced solid Q4 2025 financial results, including adjusted EBITDA of $42.0 million and average TCE of $20,064/day, leading to a multi-year high quarterly dividend of $0.50 per share. The company also highlighted its strategic fleet expansion with the acquisition of three high-specification Capesize and Newcastlemax vessels for $343 million since 2023, enhancing its earnings and dividend capacity. Genco maintains strong liquidity with $455.5 million and a low net loan-to-value of 12%, positioning it well to capitalize on a strengthening drybulk market.
Genco Shipping & Trading (GNK) Q4 Earnings and Revenues Surpass Estimates
Genco Shipping & Trading (GNK) reported Q4 earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.35, and revenues of $78.77 million, surpassing estimates by 6.10%. The company's shares have risen 20.5% year-to-date, and with a favorable earnings outlook and a Zacks Rank #2 (Buy), Genco Shipping is expected to outperform the market in the near future.
Genco Shipping & Trading (GNK) Q4 Earnings and Revenues Surpass Estimates
Genco Shipping & Trading (GNK) reported Q4 earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.35, and revenues of $78.77 million, surpassing the estimate by 6.10%. The company has outperformed the S&P 500 this year, with its shares up 20.5%, and currently holds a Zacks Rank #2 (Buy). While the company has shown positive momentum, investors should monitor upcoming revisions to earnings estimates and industry outlook.
Genco (NYSE:GNK) Beats Expectations in Strong Q4 CY2025
Genco (NYSE:GNK) reported strong Q4 CY2025 results, significantly beating Wall Street's revenue and non-GAAP profit expectations, with sales up 62.8% year-on-year. The company declared a multi-year high dividend of $0.50 per share and invested $343 million in its fleet since 2023. While long-term revenue growth has been tepid, recent performance shows acceleration, and analysts predict strong revenue and a flip to positive EPS in the next 12 months.
Genco Shipping & Trading Limited (NYSE:GNK) Short Interest Down 13.4% in January
Genco Shipping & Trading Limited (NYSE:GNK) experienced a 13.4% decrease in short interest in January, totaling 1,244,904 shares by January 30th. This represents 2.9% of shares short and a 3.8-day short-interest ratio. The stock traded down 1.3% to $21.93, nearing its 52-week high, while analysts maintain a "Buy" rating with a $21.00 target price and institutional ownership remains high at 58.62%.
Genco Shipping & Trading (GNK) Projected to Post Quarterly Earnings on Tuesday
Genco Shipping & Trading (NYSE:GNK) is anticipated to release its Q4 2025 earnings after the market closes on Tuesday, February 17th, with analysts forecasting earnings of $0.38 per share and revenue of $78.5220 million. The company's stock opened at $20.92, showing a 0.7% increase, and has seen institutional investors modify their holdings. Analyst ratings for GNK are varied, with an average rating of "Buy" and a consensus target price of $21.00.
Genco Shipping & Trading (NYSE:GNK) Hits New 1-Year High - Time to Buy?
Genco Shipping & Trading (GNK) recently reached a new 52-week high of $20.68, trading above its 50- and 200-day moving averages. While Wall Street Zen downgraded the stock to "sell," MarketBeat maintains an overall "Buy" rating with an average target price of $21.00, supported by low leverage and a 3.0% dividend yield despite negative recent earnings. Institutional investors collectively own 58.62% of the company's stock.
Genco Shipping & Trading Limited Announces Fourth Quarter 2025 Conference Call and Webcast
Genco Shipping & Trading Limited (NYSE: GNK) announced that it will host a conference call on Wednesday, February 18, 2026, at 8:30 a.m. Eastern Time to discuss its fourth-quarter 2025 financial results. The company will release its financial results after market close on Tuesday, February 17, 2026. The call will also be broadcast live over the internet and include a slide presentation.
Diana Shipping nominates six director candidates for election to Genco Shipping & Trading Board
Diana Shipping has announced its intention to nominate six director candidates for election to Genco Shipping & Trading's Board of Directors. This move follows Genco's rejection of Diana's acquisition proposal of $20.60 per share in cash, which Diana believes offers a significant premium to shareholders. Diana, Genco's largest shareholder, argues that the current Genco Board has failed to engage constructively and evaluate the offer, necessitating a refreshed Board open to exploring strategic alternatives for maximizing shareholder value.
Genco Shipping Q4 2025 results arrive Feb. 17, webcast Feb. 18
Genco Shipping & Trading Limited (NYSE: GNK) announced that it will release its fourth quarter 2025 financial results on Tuesday, February 17, 2026, after market close. The company will then host a conference call and webcast to discuss these results on Wednesday, February 18, 2026, at 8:30 a.m. Eastern Time. Investors can register to access the call by phone or view the live webcast and its replay on the company's website.
Genco Shipping & Trading Limited Announces Fourth Quarter 2025 Conference Call and Webcast
Genco Shipping & Trading Limited will host a conference call on Wednesday, February 18, 2026, at 8:30 a.m. Eastern Time to discuss its fourth-quarter 2025 financial results. The company plans to release these results after market close on Tuesday, February 17, 2026. The call will also be broadcast live online with an accompanying slide presentation.
Genco Shipping & Trading Limited $GNK Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC significantly reduced its stake in Genco Shipping & Trading Limited (NYSE:GNK) in Q3, selling 74.4% of its shares. Despite this, other institutional investors increased their holdings. Genco Shipping reported Q3 EPS of ($0.01) and revenue of $79.9 million, with a market capitalization of $837.6 million and a negative P/E ratio.
Genco Shipping & Trading rejects non-binding indicative proposal from Diana Shipping
Genco Shipping & Trading has unanimously rejected a non-binding acquisition proposal from Diana Shipping for $20.60 per share, citing significant undervaluation and execution risks. Genco's board believes its proven strategy will deliver superior value for shareholders and proposed an alternative transaction where Genco would acquire Diana, offering Diana's shareholders immediate cash value and participation in the combined company's upside. Genco highlighted its strong balance sheet, capital return model, and superior equity valuation as reasons for its proposed counter-acquisition.
Diana moves to replace Genco’s board after rejected $20.60 bid for control
Genco Shipping & Trading responded to Diana Shipping's intent to nominate six director candidates to replace Genco's entire board, following Diana's previously rejected $20.60 per share acquisition proposal. Genco's board maintains that Diana's offer significantly undervalued the company and expressed its belief that an acquisition of Diana by Genco would create more value. Genco shareholders are advised that no immediate action is required as the company reviews the nominees.
Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.
Genco Shipping & Trading Limited has unanimously rejected a non-binding acquisition proposal from Diana Shipping Inc., stating that the $20.60 per share offer significantly undervalues Genco and carries substantial execution risk. Genco's Board, after review with advisors, concluded that Diana's proposal lacked sufficient value, structure, and certainty. Instead, Genco sought to engage with Diana on an alternative transaction where Genco would acquire Diana, proposing an offer at a premium to Diana’s share price, combining cash and Genco shares to benefit shareholders of both companies.
Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.
Genco Shipping & Trading Limited has unanimously rejected Diana Shipping Inc.'s non-binding acquisition proposal of $20.60 per share, stating it significantly undervalues Genco and carries high execution risk due to a lack of committed financing. Genco's board proposed a reverse transaction, where Genco would acquire Diana, offering cash and Genco shares, believing this structure would create superior value for both companies' shareholders. Diana, however, refused to engage in discussions regarding Genco's counter-proposal and reiterated its original offer.
Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.
Genco Shipping & Trading Limited has unanimously rejected a non-binding acquisition proposal from Diana Shipping Inc., stating that the offer significantly undervalues Genco and carries considerable execution risks. Genco's Board of Directors believes its own strategy of high capital returns and low leverage will deliver superior shareholder value. Furthermore, Genco proposed an alternative transaction where it would acquire Diana, offering immediate cash value and upside potential to Diana shareholders, but Diana refused to engage on this counter-proposal.
Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.
Genco Shipping & Trading Limited has unanimously rejected a non-binding acquisition proposal from Diana Shipping Inc., stating that the offer of $20.60 per share significantly undervalues Genco and carries considerable execution risks due to Diana's financial profile and lack of committed financing. Genco's Board of Directors believes its own strategy of consistent dividends and low leverage will deliver superior value. The company also proposed an alternative transaction where Genco would acquire Diana, leveraging Genco's stronger valuation and capital resources, but Diana refused engagement on this alternative.
Genco Shipping & Trading Limited (NYSE:GNK) Sees Large Decline in Short Interest
Genco Shipping & Trading Limited (NYSE:GNK) experienced a significant 31.9% decline in short interest during December, totaling 1,831,745 shares as of December 15th. This represents about 4.3% of the company's shares sold short, with a days-to-cover ratio of 3.4 days. Analyst sentiment for GNK is mixed but generally positive, with a consensus "Buy" rating and an average target price of $21.00.
Genco Shipping & Trading (NYSE:GNK) Downgraded to "Sell" Rating by Wall Street Zen
Wall Street Zen downgraded Genco Shipping & Trading (NYSE:GNK) from a "hold" to a "sell" rating on Sunday. Despite this, MarketBeat noted a consensus "Buy" rating with an average target of $21.00 from other analysts. The company reported a Q3 EPS of ($0.01) (in line) and revenue of $79.92 million, a 19.5% year-over-year decrease.
Diana Shipping offers to acquire Genco Shipping for $20.60 per share
Diana Shipping Inc. has offered to acquire all outstanding shares of Genco Shipping & Trading Limited for $20.60 per share in cash, representing a 15% premium to Genco's closing price on November 21, 2025. Diana Shipping, which already owns 14.8% of Genco, believes this acquisition will enhance its fleet's scale and flexibility. The proposal is non-binding, and Diana plans to finance it through a new acquisition facility and selective asset divestment.
Genco To Acquire Two High-Specification Vessels
Genco Shipping & Trading announced its agreement to acquire two 2020-built Newcastlemax vessels for $145.5 million, with delivery expected in Q1 2026. This acquisition is part of Genco's growth strategy, increasing its investment in modern, fuel-efficient Capesize and Newcastlemax tonnage to $343 million over the past two years. The company plans to fund the purchase with cash on hand and a credit facility drawdown, expecting enhanced earnings and dividend capacity from these vessels.
Genco Shipping & Trading (NYSE:GNK) Upgraded by Wall Street Zen to Hold Rating
Wall Street Zen has upgraded Genco Shipping & Trading (NYSE:GNK) from a "sell" to a "hold" rating, though the consensus among analysts across firms remains a "Buy" with an average price target of $21. The shipping company recently reported earnings per share of ($0.01), meeting estimates, with revenue of $79.9 million, exceeding forecasts but down 19.5% year-over-year. Insider Jesper Christensen sold over 34,000 shares in September, reducing his position by approximately 33%, while institutional investors now hold about 58.62% of the company's stock.
GENCO SHIPPING & TRADING LTD Updates Q4 2025 TCE Rate Estimate
GENCO SHIPPING & TRADING LTD (GNK) announced an estimated TCE rate of $20,000 per day for Q4 2025, applying to 95% of its owned available days and including a scrubber premium. Approximately 3,830 owned fleet-wide available days are expected in Q4 2025, with revenue from some Q4 voyages recognized in Q1 2026. This update is based on an SEC filing from December 5, 2025.
Geode Capital Management LLC Decreases Stock Position in Genco Shipping & Trading Limited $GNK
Geode Capital Management LLC reduced its stake in Genco Shipping & Trading Limited by 5.4% in the second quarter, selling 55,703 shares to hold 982,641 shares valued at $12.85 million. Despite meeting EPS estimates and exceeding revenue forecasts, the company reported a year-over-year revenue decline and negative profitability metrics. Analysts currently rate Genco Shipping & Trading with an average "Buy" rating and a target price of $21.00.
American Century Companies Inc. Buys 86,317 Shares of Genco Shipping & Trading Limited $GNK
American Century Companies Inc. increased its stake in Genco Shipping & Trading Limited by 5.9%, acquiring an additional 86,317 shares to own a total of 1,549,197 shares valued at approximately $20.25 million. This coincides with an insider sale by Jesper Christensen, who reduced his position by 33%. The company's stock has a "Buy" rating from analysts with a consensus target price of $21.00, despite reporting a Q3 EPS of ($0.01) and a revenue decline of 19.5% year-over-year.
Envestnet Asset Management Inc. Takes Position in Genco Shipping & Trading Limited $GNK
Envestnet Asset Management Inc. has acquired a new stake of 19,494 shares, valued at $255,000, in Genco Shipping & Trading Limited ($GNK) during the second quarter. This move comes as Genco Shipping & Trading reported Q2 EPS of ($0.01), meeting estimates, and revenue of $79.92 million, exceeding analyst forecasts. Institutional investors collectively own 58.62% of the company's stock, with a consensus "Buy" rating and an average price target of $21.00 from analysts.
Diana Shipping proposes to acquire Genco Shipping for $20.60 per share
Diana Shipping Inc. (NYSE:DSX) has proposed to acquire all outstanding shares of Genco Shipping & Trading Limited (NYSE:GNK) not already owned by the company for $20.60 per share in cash. This all-cash offer represents a 15% premium to Genco’s closing price on November 21, 2025, and a 23% premium over the 30-day and 90-day volume-weighted average prices. Diana Shipping, which already owns 14.8% of Genco, plans to finance the acquisition through a new facility and intends to divest assets post-transaction to optimize its fleet and balance sheet.
Genco Shipping (NYSE: GNK) Confirms Diana's $20.60 Cash Offer Proposal for Stake
Genco Shipping & Trading (NYSE: GNK) has confirmed receiving a non-binding proposal from Diana Shipping (NYSE: DSX) to acquire all outstanding Genco shares not already owned by Diana for $20.60 per share in cash. Diana currently beneficially owns approximately 14.8% of Genco's common stock. Genco's Board of Directors, with advisors, will review the proposal, emphasizing that no decision has been made and shareholders are not required to take any action at this time.
Genco Shipping & Trading to acquire two high-specification Newcastlemax vessels
Genco Shipping & Trading Limited has announced the acquisition of two 2020-built 208,000 dwt scrubber-fitted Newcastlemax vessels for a total purchase price of US$145.5 million. The company expects to take delivery in the first quarter of 2026, funding the acquisition with cash and a revolving credit facility drawdown. This strategic move aims to enhance Genco's asset base, improve earnings and dividend capacity, and capitalize on positive market fundamentals in the drybulk sector.
Genco Shipping (NYSE: GNK) adds Newcastlemax ships, $343M Capesize investment and 2026 deliveries
Genco Shipping & Trading (NYSE: GNK) announced the acquisition of two 2020-built, scrubber-fitted Newcastlemax vessels for $145.5 million, with delivery expected in Q1 2026. This purchase contributes to a total investment of $343 million in modern Capesize and Newcastlemax tonnage over the last two years. The company anticipates improved earnings and dividend capacity, funded by cash on hand and a revolving credit facility drawdown.
Diana Shipping Inc. Proposes Acquisition of Genco Shipping & Trading Limited at $20.60 per Share
Diana Shipping Inc. has proposed to acquire all outstanding shares of Genco Shipping & Trading Limited not already owned by Diana for $20.60 per share in cash, representing significant premiums over recent trading prices. This offer, unanimously approved by Diana's Board, aims to enhance operational efficiency and leverage in the dry bulk market through the merger of their fleets. The proposal is non-binding and relies on new acquisition financing, with no guarantee of a final agreement.
Genco Shipping Fell Short On Earnings But Still Raised Its Game
Genco Shipping & Trading missed Q3 2025 revenue and profit expectations due to lower charter rates and increased drydocking, but maintained its $0.15 per share dividend and expanded its fleet with a new Capesize vessel. Analysts remain optimistic, largely maintaining "buy" ratings and predicting an almost 18% growth from current levels. The company's commitment to dividends and fleet upgrades, despite a soft quarter, signals strong long-term strategy and confidence in the global shipping sector's rebound.
Genco Shipping & Trading to Acquire Two High-Specification Newcastlemax Vessels
Genco Shipping & Trading Limited (NYSE:GNK) announced its agreement to acquire two 2020-built 208,000 dwt scrubber-fitted Newcastlemax vessels for a total of $145.5 million. This acquisition, expected to close in Q1 2026, aims to further modernize their fleet, enhance earnings and dividend capacity, and leverage positive drybulk market fundamentals. The company plans to fund the purchase with cash on hand and a drawdown from its revolving credit facility.
Genco Shipping & Trading Limited Q3 2025 Financial Results
Genco Shipping & Trading Limited (GNK) reported a net loss of $1.1 million for Q3 2025, or $0.02 per share, with voyage revenues of $79.9 million. Despite the loss, the company declared its 25th consecutive quarterly dividend of $0.15 per share and acquired a high-specification Capesize vessel. Genco continues to execute its value strategy, focusing on dividends, debt reduction, and asset base growth, with optimism for the drybulk freight market's future.
