Nevada Capital Cuts Genco Shipping & Trading Significantly

Nevada Capital, Genco Shipping & Trading: In a filing with the Securities and Exchange Commission, Nevada Capital reported it is cutting down its stake in Genco Shipping & Trading Limited (NYSE:GNK) to 2 million shares, from the previously owned 7 million shares. In this way, Nevada Capital reduced its passive position in the company to 4.5%, versus the 15.81% stake held earlier. At the current price of Genco Shipping & Trading’s shares, the value of the stake held by Nevada Capital amounts to $6.7 million.

Genco_Shipping_&_Trading

Disclosure: none

Recommended Reading:

Heartland Advisors Discloses a 1.9% Stake in Lantronix

Fort Dearborn Receives Vote of Confidence From Karpus Management

Clinton Group Boosts Activist Stake in Community Financial

Heartland Advisors Discloses a 1.9% Stake in Lantronix