Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.50.

Several research analysts have commented on the company. Zacks Investment Research raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective (down from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research report on Saturday, July 22nd.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE GNK) traded up 3.15% during midday trading on Friday, reaching $12.79. The company’s stock had a trading volume of 41,876 shares. The firm’s market capitalization is $440.30 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 52 week low of $5.21 and a 52 week high of $14.99. The firm’s 50 day moving average is $12.35 and its 200 day moving average is $12.35.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last released its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.03. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 8.98% and a negative net margin of 49.36%. The company had revenue of $45.37 million for the quarter, compared to analyst estimates of $43.91 million. Equities analysts forecast that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.40) EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in GNK. Q Global Advisors LLC purchased a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the first quarter valued at about $20,469,000. Renaissance Technologies LLC purchased a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $1,989,000. Mangrove Partners increased its position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 23.7% during the second quarter. Mangrove Partners now owns 675,024 shares of the shipping company’s stock worth $6,392,000 after acquiring an additional 129,518 shares during the last quarter. Northern Trust Corp increased its position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 388.0% during the second quarter. Northern Trust Corp now owns 82,303 shares of the shipping company’s stock worth $779,000 after acquiring an additional 65,437 shares during the last quarter. Finally, State Street Corp purchased a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth about $582,000. 58.22% of the stock is currently owned by institutional investors.

About Genco Shipping & Trading Limited Warrants Expiring 12/31/2021

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

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