Dynamic Technology Lab Private Ltd Has $249,000 Position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK)

Dynamic Technology Lab Private Ltd reduced its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) by 25.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,196 shares of the shipping company’s stock after selling 8,739 shares during the period. Dynamic Technology Lab Private Ltd owned 0.08% of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 worth $249,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GNK. Bank of New York Mellon Corp bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the 1st quarter worth $136,000. Citadel Advisors LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the 1st quarter worth $325,000. Renaissance Technologies LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the 1st quarter worth $1,989,000. Jane Street Group LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the 1st quarter worth $134,000. Finally, Goldman Sachs Group Inc. bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the 1st quarter worth $470,000. 58.20% of the stock is owned by institutional investors and hedge funds.

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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) opened at 11.96 on Tuesday. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 52-week low of $5.34 and a 52-week high of $14.99. The stock has a 50 day moving average price of $12.36 and a 200 day moving average price of $12.36. The company’s market capitalization is $411.72 million.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last issued its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.03. The firm had revenue of $45.37 million during the quarter, compared to the consensus estimate of $43.91 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 49.36% and a negative return on equity of 8.98%. Equities research analysts forecast that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.46) earnings per share for the current year.

Several research analysts have recently weighed in on the company. ValuEngine lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective (down from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.20.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Profile

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 ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

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Institutional Ownership by Quarter for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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