Linden Thomas Advisory Services LLC Has $465,000 Stock Holdings in Genco Shipping & Trading Limited (NYSE:GNK)

Linden Thomas Advisory Services LLC raised its stake in Genco Shipping & Trading Limited (NYSE:GNK) by 22.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 33,330 shares of the shipping company’s stock after buying an additional 6,150 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Genco Shipping & Trading were worth $465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNK. Quarry LP raised its holdings in Genco Shipping & Trading by 535.8% in the 3rd quarter. Quarry LP now owns 4,266 shares of the shipping company’s stock valued at $83,000 after acquiring an additional 3,595 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Genco Shipping & Trading by 830.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,033 shares of the shipping company’s stock valued at $154,000 after purchasing an additional 9,847 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Genco Shipping & Trading by 26.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,190 shares of the shipping company’s stock valued at $198,000 after purchasing an additional 3,000 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Genco Shipping & Trading in the 3rd quarter valued at $202,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Genco Shipping & Trading in the 2nd quarter valued at $221,000. 58.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GNK shares. Jefferies Financial Group reiterated a “buy” rating and issued a $25.00 price target on shares of Genco Shipping & Trading in a research note on Thursday, November 7th. Stifel Nicolaus lowered Genco Shipping & Trading from a “buy” rating to a “hold” rating and decreased their price target for the company from $26.00 to $17.00 in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered Genco Shipping & Trading from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.20.

Genco Shipping & Trading Trading Up 0.0 %

Shares of GNK stock opened at $14.37 on Monday. The firm has a market capitalization of $614.25 million, a P/E ratio of 9.15, a P/E/G ratio of 0.23 and a beta of 0.99. Genco Shipping & Trading Limited has a twelve month low of $13.51 and a twelve month high of $23.43. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $14.90 and its 200 day simple moving average is $16.83.

Genco Shipping & Trading (NYSE:GNK) last issued its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $99.33 million for the quarter, compared to analyst estimates of $72.02 million. Genco Shipping & Trading had a return on equity of 8.46% and a net margin of 15.63%. Genco Shipping & Trading’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS. As a group, sell-side analysts predict that Genco Shipping & Trading Limited will post 1.75 EPS for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.14%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Genco Shipping & Trading’s previous quarterly dividend of $0.34. Genco Shipping & Trading’s payout ratio is 101.91%.

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.