GENCO SHIPPING & TRADING LTD
GNK · Deep Sea Foreign Transportation of Freight · 43.6M shares · +1%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $6M (gross $12M, SBC $6M)
Reference price $23.67 · est. market cap ~$1.0B — last insider sale, 2026-02-23 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C59Drybulk shipper with a small net loss, low leverage and positive free cash flow in a soft, cyclical freight market.
Strengths
- Healthy liquidity (current ratio 2.4) and low leverage (D/E 0.21); positive FCF (61.5th pct)
- De-leveraged fleet with scrubber-equipped Capesize vessels
Risks
- Net loss for the year (ROE/ROA slightly negative) reflecting weak charter rates
- Highly cyclical, China-demand-sensitive market exposed to tariffs, IMO carbon costs and Section 301 port fees
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
2.2%
Net margin
-1.3%
Return on equity
-0.5%
Return on assets
-0.4%
ROIC
0.5%
Revenue growth (QoQ)
4.1%
Net-income growth
-105.7%
Debt / equity
0.2×
Net debt / EBITDA
1.6×
Current ratio
2.4×
Free cash flow
$29M
EBITDA
$84M
Tangible book value
$896M
Cash & investments
$56M
Stock comp / revenue
2.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Das Paramita | Option exercise | 9.6K | — |
| 2026-02-23 | Adamo Joseph | Option exercise | 2.6K | — |
| 2026-02-23 | Adamo Joseph | Option exercise | 6.4K | — |
| 2026-02-23 | Adamo Joseph | Sell | 6.3K | $23.67 |
| 2026-02-23 | WOBENSMITH JOHN C | Option exercise | 17K | — |
| 2026-02-23 | WOBENSMITH JOHN C | Option exercise | 13K | — |
| 2026-02-23 | Adamo Joseph | Option exercise | 2.8K | — |
| 2026-02-23 | Christensen Jesper | Option exercise | 6.1K | — |
| 2026-02-23 | Christensen Jesper | Sell | 18K | $23.66 |
| 2026-02-23 | Allen Peter George | Option exercise | 10K | — |
| 2026-02-23 | Allen Peter George | Option exercise | 6.0K | — |
| 2026-02-23 | Allen Peter George | Option exercise | 1.3K | — |
| 2026-02-23 | Allen Peter George | Option exercise | 3.3K | — |
| 2026-02-23 | Allen Peter George | Option exercise | 5.1K | — |
| 2026-02-23 | Allen Peter George | Option exercise | 2.2K | $9.91 |
| 2026-02-23 | Allen Peter George | Sell | 913 | $23.63 |
| 2026-02-23 | Allen Peter George | Sell | 12K | $23.66 |
| 2026-02-23 | Adamo Joseph | Option exercise | 2.3K | — |
| 2026-02-23 | WOBENSMITH JOHN C | Option exercise | 13K | — |
| 2026-02-23 | WOBENSMITH JOHN C | Option exercise | 23K | — |
| 2026-02-23 | WOBENSMITH JOHN C | Option exercise | 13K | — |
| 2026-02-23 | WOBENSMITH JOHN C | Sell | 39K | $23.66 |
| 2026-02-23 | Christensen Jesper | Option exercise | 10K | — |
| 2026-02-23 | Christensen Jesper | Option exercise | 6.4K | — |
| 2026-02-23 | Christensen Jesper | Option exercise | 6.1K | — |
| 2026-02-23 | Christensen Jesper | Option exercise | 9.6K | — |
| 2026-02-18 | Allen Peter George | Sell | 6.2K | $23.27 |
| 2026-02-18 | WOBENSMITH JOHN C | Grant | 37K | — |
| 2026-02-18 | WOBENSMITH JOHN C | Sell | 19K | $23.26 |
| 2026-02-18 | Christensen Jesper | Grant | 17K | — |
| 2026-02-18 | Christensen Jesper | Sell | 8.3K | $23.27 |
| 2026-02-18 | Adamo Joseph | Grant | 7.2K | — |
| 2026-02-18 | Adamo Joseph | Sell | 3.2K | $23.27 |
| 2026-02-18 | Allen Peter George | Grant | 13K | — |
| 2025-09-15 | WOBENSMITH JOHN C | Sell | 19K | $18.44 |
| 2025-09-12 | WOBENSMITH JOHN C | Sell | 20K | $18.12 |
| 2025-09-09 | WOBENSMITH JOHN C | Sell | 11K | $18.11 |
| 2025-09-08 | Christensen Jesper | Sell | 14K | $18.06 |
| 2025-09-08 | Christensen Jesper | Option exercise | 33K | $7.06 |
| 2025-09-08 | Christensen Jesper | Sell | 13K | $18.06 |
| 2025-09-08 | Christensen Jesper | Option exercise | 13K | $9.91 |
| 2025-09-08 | Christensen Jesper | Sell | 7.4K | $18.06 |
| 2025-09-08 | WOBENSMITH JOHN C | Option exercise | 169K | $7.06 |
| 2025-09-08 | WOBENSMITH JOHN C | Sell | 66K | $18.06 |
| 2025-09-08 | WOBENSMITH JOHN C | Sell | 52K | $18.01 |
| 2025-08-26 | Dolphin James G | Option exercise | 632 | — |
| 2025-08-26 | Dolphin James G | Option exercise | 1.8K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 26K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 13K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 7.4K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 15K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 20K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 16K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 12K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 17K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 10K | — |
| 2025-08-26 | Dolphin James G | Option exercise | 15K | — |
| 2025-03-04 | WOBENSMITH JOHN C | Option exercise | 17K | $8.06 |
| 2025-03-04 | WOBENSMITH JOHN C | Sell | 9.5K | $14.12 |
| 2025-02-24 | WOBENSMITH JOHN C | Sell | 32K | $13.96 |
| 2025-02-24 | Christensen Jesper | Sell | 14K | $13.96 |
| 2025-02-24 | Adamo Joseph | Sell | 6.2K | $13.96 |
| 2025-02-24 | Allen Peter George | Sell | 9.0K | $13.96 |
| 2025-02-23 | WOBENSMITH JOHN C | Option exercise | 23K | — |
| 2025-02-23 | Adamo Joseph | Option exercise | 2.3K | — |
| 2025-02-23 | Adamo Joseph | Option exercise | 2.6K | — |
| 2025-02-23 | Adamo Joseph | Option exercise | 6.4K | — |
| 2025-02-23 | Adamo Joseph | Option exercise | 2.6K | — |
| 2025-02-23 | WOBENSMITH JOHN C | Option exercise | 15K | — |
| 2025-02-23 | Allen Peter George | Option exercise | 6.0K | — |
| 2025-02-23 | Allen Peter George | Option exercise | 1.3K | — |
| 2025-02-23 | Allen Peter George | Option exercise | 3.3K | — |
| 2025-02-23 | Allen Peter George | Option exercise | 5.1K | — |
| 2025-02-23 | Allen Peter George | Option exercise | 3.0K | — |
| 2025-02-23 | Christensen Jesper | Option exercise | 6.4K | — |
| 2025-02-23 | WOBENSMITH JOHN C | Option exercise | 13K | — |
| 2025-02-23 | WOBENSMITH JOHN C | Option exercise | 13K | — |
| 2025-02-23 | Christensen Jesper | Option exercise | 6.1K | — |
| 2025-02-23 | Christensen Jesper | Option exercise | 9.6K | — |
| 2025-02-23 | Christensen Jesper | Option exercise | 6.1K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-23 | Shareholder voteExhibits | filing ↗ |
| 2026-06-02 | Material agreement3.03Exhibits | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-05-01 | Material agreement3.03Exhibits | filing ↗ |
| 2026-03-27 | Exec/director changeExhibits | filing ↗ |
| 2026-03-05 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-17 | ResultsExhibits | filing ↗ |
| 2026-02-13 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-23 | 2026-06-18 | 0001140361-26-026099 ↗ |
| 8-K | 2026-06-02 | 2026-06-02 | 0001140361-26-023619 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001104659-26-056337 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001140361-26-019316 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001140361-26-018601 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001140361-26-018263 ↗ |
| 8-K | 2026-03-27 | 2026-03-27 | 0001140361-26-011782 ↗ |
| 8-K | 2026-03-05 | 2026-02-27 | 0001140361-26-008085 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0001104659-26-017117 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001140361-26-005832 ↗ |
| 8-K | 2026-02-13 | 2026-02-13 | 0001140361-26-005186 ↗ |
| 8-K | 2025-12-05 | 2025-12-05 | 0001140361-25-044558 ↗ |