Zacks Research Upgrades Genco Shipping & Trading (NYSE:GNK) to Strong-Buy

Genco Shipping & Trading (NYSE:GNK) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

GNK has been the subject of a number of other research reports. Wall Street Zen cut Genco Shipping & Trading from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Genco Shipping & Trading in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $21.00.

Genco Shipping & Trading Stock Performance

Shares of GNK stock opened at $23.35 on Tuesday. 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 company has a 50 day moving average price of $19.72 and a 200-day moving average price of $18.18. Genco Shipping & Trading has a 52 week low of $11.20 and a 52 week high of $23.68. The firm has a market capitalization of $1.01 billion, a PE ratio of -212.21, a P/E/G ratio of 6.08 and a beta of 1.21.

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

Insiders Place Their Bets

In other Genco Shipping & Trading news, insider Jesper Christensen sold 8,260 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.27, for a total value of $192,210.20. Following the completion of the transaction, the insider directly owned 78,311 shares in the company, valued at $1,822,296.97. This represents a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Joseph Adamo sold 3,227 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.27, for a total transaction of $75,092.29. Following the sale, the chief accounting officer owned 30,772 shares in the company, valued at $716,064.44. The trade was a 9.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,719 shares of company stock worth $412,321 over the last three months. 2.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CSM Advisors LLC purchased a new position in shares of Genco Shipping & Trading in the second quarter worth $3,876,000. Millennium Management LLC increased its holdings in shares of Genco Shipping & Trading by 100.3% in the fourth quarter. Millennium Management LLC now owns 543,290 shares of the shipping company’s stock worth $10,013,000 after purchasing an additional 272,094 shares during the last quarter. Citigroup Inc. lifted its position in shares of Genco Shipping & Trading by 727.6% in the third quarter. Citigroup Inc. now owns 215,412 shares of the shipping company’s stock worth $3,834,000 after buying an additional 189,383 shares in the last quarter. First Trust Advisors LP boosted its stake in Genco Shipping & Trading by 705.9% during the third quarter. First Trust Advisors LP now owns 133,631 shares of the shipping company’s stock valued at $2,379,000 after buying an additional 117,049 shares during the last quarter. Finally, Credit Agricole S A bought a new stake in Genco Shipping & Trading in the 3rd quarter worth approximately $1,801,000. 58.62% of the stock is currently owned by institutional investors.

Key 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

Genco Shipping & Trading Company Profile

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.