Genco Shipping & Trading (NYSE:GNK) CAO Joseph Adamo Sells 3,227 Shares

Genco Shipping & Trading Limited (NYSE:GNK) CAO Joseph Adamo sold 3,227 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.27, for a total transaction of $75,092.29. Following the completion of the transaction, the chief accounting officer directly owned 30,772 shares of the company’s stock, valued at approximately $716,064.44. This represents a 9.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Genco Shipping & Trading Stock Up 3.6%

GNK opened at $23.35 on Thursday. 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 stock has a market cap of $1.01 billion, a PE ratio of -212.21, a P/E/G ratio of 6.08 and a beta of 1.21. The business’s fifty day simple moving average is $19.72 and its 200 day simple moving average is $18.18. Genco Shipping & Trading Limited has a 52 week low of $11.20 and a 52 week high of $23.68.

Genco Shipping & Trading (NYSE:GNK) last released its earnings results on Tuesday, February 17th. The shipping company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $109.92 million during the quarter, compared to the consensus estimate of $78.52 million. Genco Shipping & Trading had a negative return on equity of 0.12% and a negative net margin of 1.28%.Genco Shipping & Trading’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, research analysts expect that Genco Shipping & Trading Limited will post 0.48 earnings per share for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th will be paid a $0.50 dividend. This is a positive change from Genco Shipping & Trading’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend 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 is currently -352.94%.

More Genco Shipping & Trading News

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. XTX Topco Ltd bought a new stake in Genco Shipping & Trading in the 4th quarter worth approximately $1,070,000. Voloridge Investment Management LLC bought a new position in shares of Genco Shipping & Trading in the fourth quarter worth about $201,000. Millennium Management LLC lifted its holdings in Genco Shipping & Trading by 100.3% during the fourth quarter. Millennium Management LLC now owns 543,290 shares of the shipping company’s stock valued at $10,013,000 after purchasing an additional 272,094 shares in the last quarter. Boothbay Fund Management LLC lifted its stake in shares of Genco Shipping & Trading by 80.8% during the 4th quarter. Boothbay Fund Management LLC now owns 181,765 shares of the shipping company’s stock valued at $3,350,000 after buying an additional 81,235 shares in the last quarter. Finally, ION Fund Management Ltd purchased a new position in shares of Genco Shipping & Trading in the fourth quarter valued at about $672,000. 58.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GNK shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genco Shipping & Trading in a research note on Monday, December 29th. Wall Street Zen lowered shares of Genco Shipping & Trading from a “hold” rating to a “sell” rating in a 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 report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.00.

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.