Genco Shipping & Trading (GNK) Stock Overview
Engages in the ocean transportation of drybulk cargoes worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 1/6 |
Rewards
Risk Analysis
GNK Community Fair Values
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Analyst Price Targets
Genco Shipping & Trading Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$24.10 |
| 52 Week High | US$27.25 |
| 52 Week Low | US$12.66 |
| Beta | 0.94 |
| 1 Month Change | -0.33% |
| 3 Month Change | 2.34% |
| 1 Year Change | 78.39% |
| 3 Year Change | 85.96% |
| 5 Year Change | 57.72% |
| Change since IPO | -88.66% |
Recent News & Updates
Recent updates
Narrative Update • May 16
GNK: Future Upside Will Hinge On Activism Outcome And Narrowed Risk Reward
Analysts have increased the fair value estimate for Genco Shipping & Trading by $2 to $28, reflecting recent price target changes and updated views on risk, revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent Street research on Genco Shipping & Trading reflects a mix of views on valuation and risk, with some bearish analysts highlighting a more balanced risk and reward profile despite corporate activity around the stock.Narrative Update • May 01
GNK: Neutral Stance Will Reflect Activism Uncertainty And Tightened Risk Reward Profile
Analysts have lifted their fair value estimate for Genco Shipping & Trading by $1 to $26.0. They note that recent share price strength has compressed the risk or reward profile, while they update their assumptions for discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bearish analysts point to the recent share price performance as a key reason for more cautious positioning on Genco Shipping & Trading.Narrative Update • Apr 16
GNK: Neutral Outlook Will Balance Activist Pressures And Recent Share Price Strength
Analysts kept their $25.00 price target for Genco Shipping & Trading unchanged, citing a more balanced risk and reward profile after the recent share price gains and a downgrade to Neutral as key reasons for maintaining their view. Analyst Commentary Bearish analysts are flagging that recent share price strength has compressed the room for error, which is why the stock is now seen as more balanced rather than clearly attractive.Seeking Alpha • Apr 10
Genco Shipping: Why I Don't Expect Further Bids And Why I Favor Cheaper Plays
Summary Genco Shipping is downgraded to hold as shares approach NAV and acquisition upside fades. Management rejected Diana Shipping's $23.5/share cash offer, which I view as fair value. GNK's strong balance sheet and capital returns are offset by limited upside and premium valuation versus peers. Absent a higher bid, I expect GNK to revert toward 0.75x NAV, implying a $20/share fair value. Read the full article on Seeking AlphaNarrative Update • Mar 31
GNK: Neutral Stance And Activist Pressures Will Shape Near Term Returns
Analysts have lifted their price target on Genco Shipping & Trading to $25 from $20, reflecting updated assumptions on revenue growth, profit margins and future P/E, even as the stock's recent gains and a downgrade to Neutral point to a more balanced risk/reward profile. Analyst Commentary Bearish analysts are signaling a more cautious stance on Genco Shipping & Trading, pointing to a tighter balance between upside potential and downside risk after the stock's strong recent performance and the latest corporate developments.
Narrative Update • Mar 17
GNK: Boardroom Contest And Fleet Expansion Will Support Future Upside Potential
Analysts have raised their price target on Genco Shipping & Trading by $1.00 to $27.63, citing an adjusted discount rate, a slightly higher future P/E assumption, and a more balanced risk and reward profile following recent share gains and corporate developments. Analyst Commentary Recent commentary around Genco Shipping & Trading has shifted toward a more balanced stance, with some analysts highlighting tighter upside versus downside potential after the stock's strong share price performance and ongoing corporate activity.Narrative Update • Mar 03
GNK: Neutral Stance And Failed Cash Offer Will Shape Boardroom Battle
Analysts have lifted their price target on Genco Shipping & Trading to $26.63 from $24.10, citing updated assumptions around revenue growth, profit margins, and future P/E. They believe these assumptions better reflect the stock's current risk and reward profile following recent share price gains and a Neutral stance from some research houses.Narrative Update • Feb 17
GNK: Cash Offer And Boardroom Contest Will Shape Near Term Outcome
Analysts kept their Genco Shipping & Trading fair value estimate steady at $24.10 per share, noting a slightly lower discount rate and more conservative revenue growth and profit margin assumptions. They still view Diana Shipping's $20.60 cash offer as attractive and see room for upside toward $22.50.Narrative Update • Feb 03
GNK: Cash Offer Will Set Near Term Path Toward US$22.50
Analysts have lifted their fair value estimate for Genco Shipping & Trading from US$22.90 to US$24.10, citing updated assumptions on revenue growth, profit margins, and future P/E. This follows Diana Shipping's US$20.60 per share cash offer, which they view as attractive but not necessarily definitive.Narrative Update • Jan 20
GNK: Cash Bid Will Frame Upside Potential Toward The US$22.50 Level
Analysts have trimmed their fair value estimate for Genco Shipping & Trading to US$22.90 from US$23.30. This reflects updated assumptions on revenue growth, profitability and future P/E following the recent cash offer from Diana Shipping, which they view as attractive and supportive for valuations up to the US$22.50 level.Narrative Update • Jan 05
GNK: Cash Offer And Fair Value Views Will Shape Near Term Returns
Analysts kept their fair value estimate for Genco Shipping & Trading steady at US$20.00 per share. With slightly updated assumptions around discount rate, revenue growth, profit margin and future P/E, they point to the recent US$20.60 per share cash offer as a key reference point for near term pricing and note that this aligns with the view that there is room for value up to the US$22.50 level highlighted in recent research.Narrative Update • Dec 20
GNK: Cash Offer And 2026 Dry Bulk Outlook Will Shape Returns
Analysts have raised their price target on Genco Shipping & Trading from approximately $16 to $20 per share, citing a more favorable dry bulk outlook, stronger projected revenue growth and margins, and the support of recent cash buyout interest and new Buy-rated coverage. Analyst Commentary Recent Street research has highlighted both the strategic appeal of the cash offer for Genco and the potential for additional upside beyond the current bid level.Narrative Update • Dec 06
GNK: Cash Takeover Bid Will Highlight Dry Bulk Upside Potential
Narrative Update on Genco Shipping & Trading The analyst price target for Genco Shipping & Trading has been raised from approximately $21.42 to $23.30 per share. Analysts cite a supportive cash takeover proposal, expectations for a tighter dry bulk market, and improving growth and margin assumptions that justify a higher fair value multiple.Narrative Update • Nov 21
GNK: Future Dry Bulk Market Tightness Will Drive Performance Upside
Analysts have raised their price target for Genco Shipping & Trading from $20.39 to $21.42, citing the company's positioning to benefit from a projected tighter dry bulk market in the coming years. Analyst Commentary Recent Street research signals increased optimism surrounding Genco Shipping & Trading, with attention given to the company's prospects amid tightening conditions in the dry bulk shipping sector.Analysis Article • Oct 01
Genco Shipping & Trading Limited's (NYSE:GNK) Share Price Matching Investor Opinion
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...Analysis Article • Aug 27
At US$17.07, Is Genco Shipping & Trading Limited (NYSE:GNK) Worth Looking At Closely?
Genco Shipping & Trading Limited ( NYSE:GNK ), is not the largest company out there, but it saw a significant share...Analysis Article • Jul 24
Genco Shipping & Trading (NYSE:GNK) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • May 15
Genco Shipping & Trading's (NYSE:GNK) Solid Earnings May Rest On Weak Foundations
The market for Genco Shipping & Trading Limited's ( NYSE:GNK ) stock was strong after it released a healthy earnings...Analysis Article • Apr 05
Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • Feb 23
Genco Shipping: Take Advantage Of The Seasonal Low
Summary Genco's current stock price offers value, trading at a discount to book value with an over 8% dividend yield despite a recent cut. The Baltic Drybulk Index's seasonal low impacts Genco's revenue and dividend but presents upside potential as spot prices are expected to rise. Genco's strategic capital management, including vessel acquisitions during low BDI periods, demonstrates strong operational foresight and resilience. Trade tariffs pose risks, but Genco's diversified cargo routes and strong balance sheet mitigate potential negative impacts on long-term performance. Read the full article on Seeking AlphaSeeking Alpha • Jan 11
Genco Shipping: Buy The Pullback For Richer Dividend Yields
Summary The wider correction observed in the dry bulk stocks has been unwarranted indeed, attributed to the still higher spot rates and ongoing supply demand imbalance. The same has been observed in GNK's higher contracted TCE rates, richer adj EBITDA margins, healthier balance sheet, and richer dividend policy. This is on top of the management's similarly promising FQ4'24 guidance, with investors likely looking forward to another rich payout ahead. At the same time, readers must note of the dry bulk sector's relatively low new building order book, with the spot TCE rates likely to remain higher for longer. Combined with the ongoing "fleet growth/ renewal strategy" and the management's ability to "lock in fixed (and highly favorable) rate charters," GNK is a compelling Buy here. Read the full article on Seeking AlphaSeeking Alpha • Jan 03
A Dividend Anchor In A Sea Of Volatility: Genco Shipping's Steadfast Strategy
Summary Low leverage and efficient, and a diversified fleet ensures stability in volatile markets. Operational resilience and competent management enables continued dividend payments. Strong dividend policy offers both income stability and growth potential. Read the full article on Seeking AlphaAnalysis Article • Dec 02
Is It Too Late To Consider Buying Genco Shipping & Trading Limited (NYSE:GNK)?
Genco Shipping & Trading Limited ( NYSE:GNK ), might not be a large cap stock, but it saw significant share price...Analysis Article • Nov 10
Genco Shipping & Trading (NYSE:GNK) Is Paying Out A Larger Dividend Than Last Year
The board of Genco Shipping & Trading Limited ( NYSE:GNK ) has announced that it will be paying its dividend of $0.40...Analysis Article • Oct 25
Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Oct 10
Genco Shipping: A Great Platform To Weather Market Uncertainty
Summary Post-COVID, dry bulk shipping saw growth driven by energy demand recovery and a limited vessel order book, though market sentiment has weakened due to China's slowing demand for steel and iron. Genco has focused on reducing debt and maintaining dividends, making it resilient to market volatility with low leverage and strong capital management. Future performance depends on China's stimulus; strong stimulus could boost the freight market, while insufficient or delayed action may lead to falling asset values and substantially impact GNK’s share price. Read the full article on Seeking AlphaAnalysis Article • Oct 10
Risks To Shareholder Returns Are Elevated At These Prices For Genco Shipping & Trading Limited (NYSE:GNK)
When you see that almost half of the companies in the Shipping industry in the United States have price-to-sales ratios...Analysis Article • Sep 25
Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
New Narrative • Sep 18
Dividend Strategy And Fleet Renewal Propel Shipping Innovator Towards Market Leadership
Genco's focus on dividends, debt reduction, and fleet renewal aims to boost shareholder value and enhance earnings through improved efficiency and lower costs.Seeking Alpha • Sep 10
Genco's Unique Dividend Structure May Hold Promise For Income Investors
Summary Genco Shipping & Trading Limited offers an 8.18% dividend yield tied to excess quarterly cash flow, making it attractive for income investors despite volatility. Genco operates a high-quality fleet in a thriving drybulk market, with significant earnings growth expected this year due to higher rates. Despite competitive pressures, Genco's strategic fleet renewal and strong Q2 2024 results position it well for future growth and shareholder value. With a one-year price target of $25.31, Genco stock is undervalued and rated a Strong Buy. Read the full article on Seeking AlphaAnalysis Article • Jul 11
Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Seeking Alpha • Jun 21
Genco Shipping: Disciplined Strategy, Good Dividend Investment
Summary Genco, a shipper of drybulk cargo, has successfully turned itself around, becoming profitable and eliminating debt, making bankruptcy unlikely. The company owns a fleet of 43 vessels used for international drybulk shipping, with a "barbell" strategy focusing on Major and Minor Bulk cargo. Genco's financial results are heavily influenced by the Drybulk Index, with positive updates in FY 2023 and Q1 2024, including increased dividends and debt reduction. Management's keen eye for value and safety in capital allocation makes GNK a solid pick for dividend investors. Read the full article on Seeking AlphaShareholder Returns
| GNK | US Shipping | US Market | |
|---|---|---|---|
| 7D | -5.4% | 1.1% | -0.3% |
| 1Y | 78.4% | 48.5% | 26.7% |
Return vs Industry: GNK exceeded the US Shipping industry which returned 43.9% over the past year.
Return vs Market: GNK exceeded the US Market which returned 23.3% over the past year.
Price Volatility
| GNK volatility | |
|---|---|
| GNK Average Weekly Movement | 6.4% |
| Shipping Industry Average Movement | 6.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: GNK has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GNK's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 1,056 | John Wobensmith | www.gencoshipping.com |
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. It operates through two segments: major bulk and minor bulk fleet. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes.
Genco Shipping & Trading Limited Fundamentals Summary
| GNK fundamental statistics | |
|---|---|
| Market cap | US$1.03b |
| Earnings (TTM) | US$16.87m |
| Revenue (TTM) | US$385.21m |
62.3x
P/E Ratio2.7x
P/S RatioIs GNK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GNK income statement (TTM) | |
|---|---|
| Revenue | US$385.21m |
| Cost of Revenue | US$234.20m |
| Gross Profit | US$151.02m |
| Other Expenses | US$134.15m |
| Earnings | US$16.87m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.39 |
| Gross Margin | 39.20% |
| Net Profit Margin | 4.38% |
| Debt/Equity Ratio | 36.0% |
How did GNK perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield297%
Payout RatioDoes GNK pay a reliable dividends?
See GNK dividend history and benchmarks| Genco Shipping & Trading dividend dates | |
|---|---|
| Ex Dividend Date | May 18 2026 |
| Dividend Pay Date | May 26 2026 |
| Days until Ex dividend | 4 days |
| Days until Dividend pay date | 4 days |
Does GNK pay a reliable dividends?
See GNK dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/20 12:53 |
| End of Day Share Price | 2026/05/20 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Genco Shipping & Trading Limited is covered by 22 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Fratt | Alliance Global Partners |
| Liam Burke | B. Riley Securities, Inc. |
| Gregory Lewis | BTIG |