The largest investor in New York-listed Genco Shipping & Trading has continued its sell-down in the stock, divesting some 500,000 more shares.
Centerbridge Partners took in about $5.8m from the sales, which happened in nine transactions between 3 February and 26 March at prices ranging from $8.04 to $11.94.
As TradeWinds has reported, Genco has seen a so-called Prexit — or private equity exit — from its stock, with the top three holders selling substantial portions of their stakes in recent months.
