Hsbc Holdings PLC Buys Shares of 114,652 Genco Shipping & Trading Limited $GNK

Posted by Brian Himes on Jul 26th, 2026

Hsbc Holdings PLC purchased a new position in Genco Shipping & Trading Limited (NYSE:GNK – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 114,652 shares of the shipping company’s stock, valued at approximately $2,552,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Genco Shipping & Trading by 230.1% during the 1st quarter. Blue Trust Inc. now owns 1,347 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 939 shares during the period. Advisory Services Network LLC purchased a new position in shares of Genco Shipping & Trading during the third quarter worth approximately $30,000. Strengthening Families & Communities LLC bought a new stake in Genco Shipping & Trading during the 4th quarter valued at $31,000. Kemnay Advisory Services Inc. bought a new stake in shares of Genco Shipping & Trading in the fourth quarter valued at about $32,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Genco Shipping & Trading in the 3rd quarter worth approximately $35,000. 58.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GNK shares. Alliance Global Partners reiterated a “neutral” rating on shares of Genco Shipping & Trading in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $29.00 price target on shares of Genco Shipping & Trading in a report on Friday, May 8th. Weiss Ratings raised shares of Genco Shipping & Trading from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of Genco Shipping & Trading from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Read Our Latest Stock Report on GNK

Genco Shipping & Trading Stock Up 3.9%

Genco Shipping & Trading stock opened at $26.75 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.98 and a quick ratio of 2.41. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 70.40, a PEG ratio of 3.28 and a beta of 0.93. Genco Shipping & Trading Limited has a 1-year low of $15.51 and a 1-year high of $27.25. The business has a fifty day moving average price of $24.35 and a 200-day moving average price of $23.07.

Genco Shipping & Trading (NYSE:GNK – Get Free Report) last announced its earnings results on Wednesday, May 6th. The shipping company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.19. Genco Shipping & Trading had a return on equity of 2.49% and a net margin of 4.38%.The firm had revenue of $114.43 million for the quarter, compared to the consensus estimate of $65.73 million. During the same period in the previous year, the business earned ($0.28) EPS. The firm’s revenue for the quarter was up 60.6% on a year-over-year basis. Equities research analysts forecast that Genco Shipping & Trading Limited will post 2.12 EPS for the current fiscal year.

Genco Shipping & Trading Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, May 18th. Genco Shipping & Trading’s dividend payout ratio (DPR) is presently 368.42%.

Genco Shipping & Trading Profile

(Free Report)

Genco Shipping & Trading Limited is a leading global owner and operator of drybulk vessels, providing seaborne transportation services for major commodities such as iron ore, coal, grain and fertilizers. The company’s fleet comprises Capesize, Panamax and Supramax vessels, which are chartered to a broad base of international charterers under both spot and period contracts. Genco’s focus on modern, fuel-efficient tonnage supports reliable cargo delivery across a variety of trade routes and market conditions.

In addition to vessel ownership and operation, Genco offers ship management, maintenance and technical support services designed to maximize fleet performance and safety.