|Bid||10.10 x 1800|
|Ask||0.00 x 800|
|Day's Range||10.18 - 10.55|
|52 Week Range||6.83 - 11.82|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.70 (6.85%)|
|1y Target Est||N/A|
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30. In this […]
Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]
In the recent flood of earnings reports by U.S.-listed ocean shipping companies, common themes have risen to the surface: Third-quarter results are still in the red and weaker than expected, earnings are being impaired by out-of-service time due to exhaust-gas scrubber installations, rates are up sharply in the fourth quarter – and most importantly, as sentiment brightens, dividends are now back in vogue. "We think the reemergence of dividends will become a major theme in shipping equity markets over the next 12 months as companies institute and grow payouts in response to firming day rates and cleaned-up balance sheets across the group," asserted Amit Mehrotra, transportation analyst of Deutsche Bank, in a new client note. Dry bulk owner Genco Shipping & Trading (NYSE: GNK) has just announced instituted a regular dividend of $0.175 per quarter – its first regular dividend since 2008 – plus a special dividend of $0.325 per share.
Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In 2017 John Wobensmith was appointed CEO of Genco Shipping & Trading Limited (NYSE:GNK). This report will, first...
The drone and missile attacks on Saudi Arabian oil facilities do not appear to be a doomsday event for crude tankers. The most directly exposed shipping segment is very large crude carriers (VLCCs), tankers designed to carry around two million barrels of crude oil each. According to Clarksons Platou Securities, VLCC rates initially shot up by 26% or $7,500/day on Monday, Sept. 16, to $36,100/day.
Every investor in Genco Shipping & Trading Limited (NYSE:GNK) should be aware of the most powerful shareholder groups...
Genco Shipping (GNK) delivered earnings and revenue surprises of -22.50% and 4.58%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Today we'll evaluate Genco Shipping & Trading Limited (NYSE:GNK) to determine whether it could have potential as an...
If you're interested in Genco Shipping & Trading Limited (NYSE:GNK), then you might want to consider its beta (a...
New York-headquartered Genco Shipping & Trading (NYSE: GNK) posted a net loss of $7.8 million in the first quarter of 2019, compared to a net loss of $55.8 million in the same period last year, when losses were driven by a non-cash impairment charge. Excluding non-cash items, Genco's adjusted net loss was $8.4 million in the first quarter of this year, versus adjusted net income of $600,000 in the first quarter of 2018. Genco's adjusted net loss of $0.20 per share in the most recent period came in below the analyst consensus forecast of a loss of $0.15 per share.
The New York-based company said it had a loss of 19 cents per share. Losses, adjusted for non-recurring gains, were 20 cents per share. The results missed Wall Street expectations. The average estimate ...