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Genco Shipping ( (GNK) ) has issued an announcement.
On November 10, 2025, Genco Shipping & Trading Limited amended its Shareholder Rights Agreement to adjust the definition of ‘Acquiring Person’ and modify the beneficial ownership threshold to 10%, or 15% for 13G Investors. This amendment aims to protect the company from hostile takeovers and ensure shareholders can realize long-term value, while still allowing the board to consider fair offers. The amendment also addresses the status of Diana Shipping Inc. as a Grandfathered Shareholder, maintaining its position unless its ownership exceeds certain thresholds.
The most recent analyst rating on (GNK) stock is a Hold with a $17.50 price target. To see the full list of analyst forecasts on Genco Shipping stock, see the GNK Stock Forecast page.
Spark’s Take on GNK Stock
According to Spark, TipRanks’ AI Analyst, GNK is a Neutral.
Genco Shipping’s overall score reflects challenges in financial performance, particularly in revenue growth and cash flow. However, the positive outlook from the earnings call and strong dividend yield provide some support. Technical indicators suggest a neutral trend, while valuation concerns persist due to negative earnings.
To see Spark’s full report on GNK stock, click here.
More about Genco Shipping
Genco Shipping & Trading Limited operates in the shipping industry, focusing on the transportation of dry bulk cargoes worldwide. The company provides shipping services using its fleet of vessels, catering to various global markets.
Average Trading Volume: 583,552
Technical Sentiment Signal: Strong Buy
Current Market Cap: $731.2M
See more data about GNK stock on TipRanks’ Stock Analysis page.