Genco Shipping & Trading Limited (GNK) reported second-quarter 2026 financial results, with voyage revenues of $136.4 million and net income attributable to Genco of $16.6 million, compared with a net loss in the year-earlier quarter.
The company declared a record Comprehensive Value Strategy dividend of $0.80 per share for Q2 2026, payable on or about Aug. 24, 2026, and projected a Q3 2026 dividend of more than $1 per share based on current fixtures and the current FFA curve.
- Q2 2026 basic earnings per share were $0.38 and diluted earnings per share were $0.37.
- Voyage revenues rose to $136.4 million from $80.9 million in Q2 2025.
- Net income attributable to Genco was $16.6 million, compared with a $6.8 million net loss attributable to Genco a year earlier.
- Adjusted EBITDA was $56.7 million, up from $14.3 million in the prior-year quarter.
- Average daily fleet-wide TCE was $24,273 for Q2 2026.
- Liquidity was $423.6 million at June 30, 2026, including $73.6 million in cash and $350.0 million of undrawn revolver availability.
- Genco said its fleet consisted of 43 vessels with an average age of 12.8 years and aggregate capacity of about 4,935,000 dwt.
$GNK Insider Trading Activity
$GNK insiders have traded $GNK stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $GNK stock by insiders over the last 6 months:
- SHIPPING INC. DIANA has made 0 purchases and 5 sales selling 148,603 shares for an estimated $3,660,461.
- JOHN C WOBENSMITH (Chairman, CEO, and President) has made 0 purchases and 2 sales selling 57,886 shares for an estimated $1,362,125.
- JESPER CHRISTENSEN (Chief Commercial Officer) has made 0 purchases and 2 sales selling 26,710 shares for an estimated $628,737.
- PETER GEORGE ALLEN (Chief Financial Officer) has made 0 purchases and 3 sales selling 19,547 shares for an estimated $460,024.
- JOSEPH ADAMO (Chief Accounting Officer) has made 0 purchases and 2 sales selling 9,567 shares for an estimated $225,160.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GNK Hedge Fund Activity
We have seen 75 institutional investors add shares of $GNK stock to their portfolio, and 78 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA INVESTMENTS, LP added 809,957 shares (+237.7%) to their portfolio in Q1 2026, for an estimated $18,264,530
- BLACKROCK, INC. added 691,639 shares (+21.6%) to their portfolio in Q1 2026, for an estimated $15,596,459
- QUBE RESEARCH & TECHNOLOGIES LTD added 339,385 shares (+inf%) to their portfolio in Q1 2026, for an estimated $7,653,131
- MILLENNIUM MANAGEMENT LLC removed 280,746 shares (-51.7%) from their portfolio in Q1 2026, for an estimated $6,330,822
- OCEANIC INVESTMENT MANAGEMENT LTD removed 270,226 shares (-48.2%) from their portfolio in Q1 2026, for an estimated $6,093,596
- SG AMERICAS SECURITIES, LLC added 241,471 shares (+364.8%) to their portfolio in Q1 2026, for an estimated $5,445,171
- CITADEL ADVISORS LLC removed 229,912 shares (-74.7%) from their portfolio in Q1 2026, for an estimated $5,184,515
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
