The company has been given an average rating of “Moderate Buy” from the eight analysts currently covering Genco Shipping & Trading Ltd, as stated by Bloomberg Ratings.
These analysts cover Genco Shipping & Trading Ltd (NYSE: GNK).
The Genco Shipping and Trading Limited Company There have been four recommendations from investment analysts to purchase the stock, while one analyst has simply advocated keeping it in one’s portfolio.
The vast majority of research analysts who have updated their stock coverage during the previous year have concluded that the stock should have a price target of $23.20 for the coming year.
Recent analyst attention has been directed toward GNK, which has resulted in multiple investigations being conducted into the company.
In an article released on March 16, StockNews.com was the first news source to report information regarding Genco Shipping & Trade.
They advised their clients to “hold” the stock moving forward. Within a research note distributed by Jefferies Financial Group on Thursday, February 23, the firm reaffirmed a “buy” rating on Genco Shipping & Trading shares and set a price objective of $20.00 for the company’s stock.
The report’s subject matter was the stock of the company.
Last but not least, the bad news is that TheStreet has demoted Genco Shipping & Trading from a “b” rating to a “c+” rating in a report released on Monday, March 13.
On February 23, Chief Executive Officer John C. Wobensmith made a transaction in which he sold 17,760 shares of the company’s stock.
This is another development on this topic.
There was 343 656 dollars worth of transactions involving the company’s stock, with each share selling for an average price of $19.35.
As a direct consequence of the transaction, the Chief Executive Officer now owns 416,859 shares in the corporation, valued at $8,066,221.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC. On February 23, Chief Executive Officer John C. Wobensmith made a transaction in which he sold 17,760 shares of the company’s stock.
This is another development on this topic.
There was 343 656 dollars worth of transactions involving the company’s stock, with each share selling for an average price of $19.35.
As a direct consequence of the transaction, the Chief Executive Officer now owns 416,859 shares in the corporation, valued at $8,066,221.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC.
A corporate insider named Robert E. Hughes also sold 1,888 shares of the company’s stock on February 27.
This transaction was completed.
The sale of the shares resulted in a total transaction value of 36,608.32 dollars, with each share fetching an average price of 19.39. Following the completion of the transaction, the company insider will have 5,576 shares of the company, which will have a value of $108,118.64.
The disclosure about the purchase can be found in this particular location. Corporate insiders sold 41,982 shares of company stock during the most recent fiscal period, resulting in total revenue of $813,285. 2.50 company insiders own a percent of the total shares currently outstanding.
Recently, several hedge funds have either increased the quantity of GNK they are currently holding in their portfolios or reduced the quantity they previously held.
During the first quarter, Raymond James & Associates increased its holdings in Genco Shipping & Trading by purchasing additional stock at approximately $276,000 to bring the total amount invested to approximately $280,000. Genco Shipping & Trading saw a rise of 17.1% in the value of its holdings in the Bank of New York Mellon Corporation over the first three months of 2018.
After purchasing an additional 25,300 shares during the period in question, the Bank of New York Mellon Corp now owns 173,010 shares of the transportation company’s stock, valued at $4,085,000.During the first three months of the year, Acadian Asset Management LLC invested approximately $26,000 in Genco Shipping & Trading.
Through the first three months of 2018, LSV Asset Management achieved an 85.9% increase in the proportion of ownership it held in Genco Shipping & Trading.
LSV Asset Management now has 100,900 shares of the shipping company’s stock, which have a value of $2,383,000, after making an additional purchase of 46,632 shares during the period in question.
And finally, during the first three months of this year, Dimensional Fund Advisors LP increased the value of its holdings in Genco Shipping & Trading by 9.4 percentage points.
Dimensional Fund Advisors LP now directly owns 1,916,725 shares held by the shipping company after purchasing 164,117 additional shares during the quarter.
There is a total value of $45,272,000 associated with these shares.
The LP version of Dimensional Fund Advisors Institutional investors and hedge funds are the primary owners of the company’s common stock, holding a combined total of 67.67% of the total shares outstanding.
On Thursday, shares of NYSE: GNK started trading at $15.34 each when the market opened.
A market capitalization of $649.34 million and a beta value of 1.08 have been assigned to the company. 4.16 is the current value of the price-to-earnings ratio. Over the last 50 days, the company’s prices have moved to an average of $17.60; over the last 200 days, they have averaged $15.46.
The debt-to-equity ratio comes in at 0.17, the current ratio at 3.43, and the quick ratio at 2.84.
These numbers were all written down in the appropriate spots when the market opened.
A market capitalization of $649.34 million and a beta value of 1.08 have been assigned to the company. 4.16 is the current value of the price-to-earnings ratio. Over the last 50 days, the company’s prices have moved to an average of $17.60; over the last 200 days, they have averaged $15.46.
The debt-to-equity ratio comes in at 0.17, the current ratio at 3.43, and the quick ratio at 2.84.
These numbers are all written down in the appropriate spots. Genco Shipping & Trade has seen a low point over the past year of $11.92, while the company has seen a high point over the past year of $27.15.
Investors were given access to Genco Shipping & Trading’s (NYSE: GNK) most recent earnings report on February 22.
This report was made public for investors to review.
The shipping company’s quarterly profits per share came in at $0.67, which was $0.08 higher than the average projection of $0.59, the amount anticipated to be earned.
The company reported quarterly sales of $127 million, significantly higher than the estimates provided by industry professionals, which were calculated to be $76.22 million. Genco Shipping & Trading had a return on equity of 16.76% and a net margin of 29.53% for the company overall.
The revenue that Genco Shipping & Trading brought in during the most recent quarter was down by 30.7% compared to the same quarter in the previous year.
The company reported $1.99 per share in the prior year’s financial statements for the same quarter.
The sell-side analysts anticipate that Genco Shipping & Trading will generate 2.1 cents per share earnings during the current fiscal year.
This is according to the estimates that the sell-side analysts provided.
In addition, the business just recently announced and paid a quarterly dividend, which was paid out on March 14 after the dividend was declared and paid out. On March 7, a dividend payment was made to shareholders who possessed shares of record on that day.
The payment was $0.50 per share and distributed to those shareholders. On Monday, March 6, the dividend was sent to shareholders entitled to receive it.
This equates to an annual dividend payment of $2 and a dividend yield of 13.04%.
The dividend payout ratio, or DPR, for Genco Shipping & Trade is 54.20 percent.
This ratio is also referred to as the DPR.
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