After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.
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Stocks Info
The company is listed on the NYSE and operates within the Marine Shipping industry segment. The current market capitalization of Genco Shipping & Trading Limited is $750.43M. A total of 0.51 million shares were traded on the day, compared to an average of 438.45K shares.
In the most recent transaction, REGAN ARTHUR L sold 1,400 shares of GNK for 22.86 per share on May 13 ’24. After the transaction, the Director now owns 104,414 company shares. In a previous transaction on Feb 29 ’24, Adamo Joseph sold 1,396 shares at 20.40 per share. GNK shares that Chief Accounting Officer owns now total 17,994.
Among the insiders who sold shares, Christensen Jesper disposed of 12,404 shares on Feb 23 ’24 at a per-share price of $19.80. This resulted in the Chief Commercial Officer holding 42,587 shares of GNK after the transaction. In another insider transaction, Allen Peter George sold 7,036 shares at $19.80 per share on Feb 23 ’24. Company shares held by the Chief Financial Officer now total 35,518.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Genco Shipping & Trading Limited pays an annual dividend of $1.32, resulting in a dividend yield of 7.47%, and it has a price to earnings (P/E) ratio of 11.22. GNK’s most recent ex-dividend date was 11/18/2024 when it declared a $0.40 quarterly dividend that was paid in cash on 11/25/2024. Previously, the company paid the dividend on 8/26/2024 with an ex-dividend date of 8/19/2024. The GNK stock dividend was $0.34 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, GNK has a high of $23.43 and a low of $13.82.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GNK’s latest balance sheet shows that the firm has $114.57M in Cash & Short Term Investments as of fiscal 2021. There were $246.29M in debt and $41.90M in liabilities at the time. Its Book Value Per Share was $21.75, while its Total Shareholder’s Equity was $916.67M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GNK is Buy with a score of 4.25.
