genco shipping & trading limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. the company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. it charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. as of february 25, 2020, the company's fleet consisted of 17 capesize, 1 panamax, 6 ultramax, 20 supramax, and 10 handysize vessels with an aggregate capacity of approximately 4,914,000 deadweight tons. genco shipping & trading limited was founded in 2004 and is headquartered in new york, new york.
Company profile
Ticker
GNK
Exchange
Website
CEO
John Wobensmith
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Teekay • Atlas • Seaspan • Danaos • Seacor • SFL • Navios Maritime • Tsakos Energy Navigation Limited • Costamare • Eagle Bulk Shipping ...
SEC CIK
Corporate docs
Subsidiaries
Genco Ship Management LLC • Genco Investments LLC • Genco Augustus Limited • Genco Tiberius Limited • Genco London Limited • Genco Titus Limited • Genco Constantine Limited • Genco Hadrian Limited • Genco Commodus Limited • Genco Maximus Limited ...
GNK stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
18 Apr 24
DFAN14A
Additional proxy materials by non-management
18 Apr 24
DEFC14A
Proxy in contested solicitation
17 Apr 24
DEFA14A
Additional proxy soliciting materials
17 Apr 24
DEFA14A
Additional proxy soliciting materials
16 Apr 24
ARS
2023 FY
Annual report to shareholders
16 Apr 24
DEFC14A
Proxy in contested solicitation
16 Apr 24
PRRN14A
Revised preliminary proxy statement filed by non-management
15 Apr 24
PRER14A
Preliminary revised proxy
11 Apr 24
PREC14A
Preliminary proxy with contested solicitation
8 Apr 24
Transcripts
GNK
Earnings call transcript
2023 Q4
22 Feb 24
GNK
Earnings call transcript
2023 Q3
9 Nov 23
GNK
Earnings call transcript
2023 Q2
4 Aug 23
GNK
Earnings call transcript
2023 Q1
4 May 23
GNK
Earnings call transcript
2022 Q4
23 Feb 23
GNK
Earnings call transcript
2022 Q3
10 Nov 22
GNK
Earnings call transcript
2022 Q2
4 Aug 22
GNK
Earnings call transcript
2022 Q1
5 May 22
GNK
Earnings call transcript
2021 Q4
24 Feb 22
GNK
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 52.22 mm | 52.22 mm | 52.22 mm | 52.22 mm | 52.22 mm | 52.22 mm |
Cash burn (monthly) | 558.33 k | 1.61 mm | 10.12 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 3.73 mm | 10.74 mm | 67.63 mm | n/a | n/a | n/a |
Cash remaining | 48.48 mm | 41.48 mm | -15.41 mm | n/a | n/a | n/a |
Runway (months of cash) | 86.8 | 25.8 | -1.5 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
70.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 152 |
Opened positions | 20 |
Closed positions | 26 |
Increased positions | 58 |
Reduced positions | 45 |
13F shares | Current |
---|---|
Total value | 320.03 bn |
Total shares | 30.18 mm |
Total puts | 199.90 k |
Total calls | 224.00 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
Centerbridge Credit Partners | 4.56 mm | $80.34 mm |
BLK Blackrock | 3.17 mm | $44.34 bn |
Dimensional Fund Advisors | 2.68 mm | $37.55 bn |
CCP II Cayman GP | 2.05 mm | $29.02 mm |
STT State Street | 1.09 mm | $15.29 bn |
Vanguard | 1.01 mm | $14.06 bn |
Ion Asset Management | 977.01 k | $13.67 bn |
Geode Capital Management | 864.87 k | $12.10 bn |
Cowen And | 838.64 k | $11.73 bn |
Loomis Sayles & Co L P | 782.16 k | $10.94 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 295.99 | 0.00 | 15,340.86 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 213.78 | 0.00 | 11,079.88 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 281.49 | 0.00 | 14,589.31 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 353.74 | 0.00 | 18,334.2 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 268.48 | 0.00 | 13,914.93 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 129.5 | 0.00 | 6,711.89 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 228.7 | 0.00 | 11,853.1 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 453.8 | 0.00 | 23,519.92 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 31.69 | 0.00 | 1,642.68 |
13 Mar 24 | Dolphin James G | RSU Common Stock | Grant | Acquire A | No | No | 0 | 11 | 0.00 | 570.16 |
News
Stifel Maintains Buy on Genco Shipping & Trading, Raises Price Target to $23
19 Apr 24
Unleashing Growth Potential: Genco Shipping & Trading Surpasses Expectations with Strong Performance and Increasing Profits
13 Mar 24
Genco Shipping & Trading's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
29 Feb 24
Genco Shipping & Trading: Q4 Earnings Insights
21 Feb 24
Genco Shipping & Trading Q4 2023 Adj EPS $0.43 Beats $0.42 Estimate, Sales $115.52M Beat $72.69M Estimate
21 Feb 24
Press releases
Genco Shipping & Trading Limited Files Definitive Proxy Materials and Mails Letter to Shareholders
16 Apr 24
Genco Shipping & Trading Limited Announces First Quarter 2024 Conference Call and Webcast
10 Apr 24
Genco Shipping & Trading Limited Files Preliminary Proxy Statement
3 Apr 24
Genco Shipping & Trading Rejects George Economou Nominees
5 Mar 24
Genco Shipping & Trading Appoints Paramita Das to Board of Directors
5 Mar 24