BlackRock files 13G/A showing 2,848,462 GNK shares (6.6%)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Genco Shipping & Trading (GNK): BlackRock, Inc. filed Amendment No. 5 to Schedule 13G reporting beneficial ownership of 2,848,462 shares of common stock, representing 6.6% of the class as of 09/30/2025.
BlackRock reports sole voting power over 2,764,460 shares and sole dispositive power over 2,848,462 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- None.
Negative
- None.
FAQ
What stake in GNK did BlackRock report on Schedule 13G/A?
BlackRock reported beneficial ownership of 2,848,462 shares, equal to 6.6% of Genco Shipping & Trading’s common stock as of 09/30/2025.
What voting and dispositive powers did BlackRock disclose for GNK?
BlackRock disclosed sole voting power over 2,764,460 shares and sole dispositive power over 2,848,462 shares, with 0 shared power.
Does the filing indicate an intent to influence control of GNK?
No. It states the securities were acquired and are held in the ordinary course of business and not to change or influence control.
What is the event date tied to BlackRock’s GNK ownership figures?
The date of event which requires filing is 09/30/2025.
Who signed BlackRock’s Schedule 13G/A for GNK?
The filing was signed by Spencer Fleming, Managing Director.