Genco Shipping & Trading

Genco Shipping’s stock climbed to a 52-week high of $27.82 and is up 55.22% year to date. The company beat estimates in Q2 2026 with adjusted earnings of $0.65 per share and revenue of $92.3 million, while adjusted EBITDA rose by about 300% year over year. Growth was attributed to higher freight rates and an expanded fleet. Diana Shipping withdrew its takeover offer, remains the largest shareholder and said it will continue the dialogue. » Więcej na de.investing.com

Genco Shipping’s shares rose to a new 52‑week high of 27.36 USD, delivering a total return of 70.7% over the past year and a 51.5% gain year‑to‑date. The company reported adjusted Q2 earnings of 0.65 USD per share on revenues of 92.3 million USD and an adjusted EBITDA that increased by about 300% year‑over‑year. Diana Shipping withdrew its takeover offer but remains the largest shareholder; the stock also offers a dividend yield of 12.27% and, according to the data, is still considered slightly undervalued. » Więcej na de.investing.com

Genco rejects the withdrawn takeover offer from Diana Shipping and discloses the terms it requires for a transaction: 27.50 USD net asset value in cash plus three Diana shares per Genco share. The company accuses Diana of inflating the offer’s value to 36.91 USD per share and stresses that the proposed package, after accounting for the announced dividend of 0.80 USD per share, falls below the net asset value. Genco points to ongoing dividend forecasts of over 2.00 USD for H2 2026, based on concluded fixtures and forward curves, and names Jefferies and Morgan Stanley as advisors. » Więcej na de.investing.com