Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) posted its earnings results on Monday. The shipping company reported ($0.36) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.03, Morningstar.com reports. The business had revenue of $45.37 million for the quarter, compared to analyst estimates of $43.91 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 9.10% and a negative net margin of 49.36%.
Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded down 2.75% on Wednesday, hitting $10.60. The company had a trading volume of 22,115 shares. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a one year low of $3.62 and a one year high of $14.99. The stock’s market capitalization is $364.71 million. The stock has a 50 day moving average of $9.74 and a 200-day moving average of $10.57.
A number of hedge funds have recently modified their holdings of GNK. Dynamic Technology Lab Private Ltd raised its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 38.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 34,935 shares of the shipping company’s stock worth $437,000 after buying an additional 9,753 shares during the period. Jane Street Group LLC acquired a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth approximately $134,000. Bank of New York Mellon Corp acquired a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth approximately $136,000. Segantii Capital Management Ltd acquired a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth approximately $141,000. Finally, Raynor Geoffrey raised its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 20.7% in the first quarter. Raynor Geoffrey now owns 112,796 shares of the shipping company’s stock worth $1,410,000 after buying an additional 19,323 shares during the period. Institutional investors and hedge funds own 56.45% of the company’s stock.
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A number of research firms recently weighed in on GNK. ValuEngine lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $20.00 target price (down from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Saturday, July 22nd. Finally, Zacks Investment Research lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.20.
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