Walleye Capital LLC purchased a new stake in shares of Diana Shipping inc. (NYSE:DSX – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 603,505 shares of the shipping company’s stock, valued at approximately $1,509,000.
Several other institutional investors also recently modified their holdings of DSX. Renaissance Technologies LLC boosted its position in shares of Diana Shipping by 11.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,361,713 shares of the shipping company’s stock valued at $3,920,000 after buying an additional 246,300 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Diana Shipping by 3.2% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 668,660 shares of the shipping company’s stock valued at $1,110,000 after acquiring an additional 20,943 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Diana Shipping during the 4th quarter valued at about $775,000. Mackenzie Financial Corp grew its stake in shares of Diana Shipping by 46.4% in the fourth quarter. Mackenzie Financial Corp now owns 190,774 shares of the shipping company’s stock worth $326,000 after acquiring an additional 60,430 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Diana Shipping in the fourth quarter worth approximately $300,000. 48.68% of the stock is owned by hedge funds and other institutional investors.
Diana Shipping Price Performance
DSX opened at $2.21 on Friday. The business has a fifty day moving average of $2.29 and a 200 day moving average of $2.36. The company has a quick ratio of 2.69, a current ratio of 2.73 and a debt-to-equity ratio of 1.17. The stock has a market cap of $275.55 million, a P/E ratio of 6.33 and a beta of 0.51. Diana Shipping inc. has a 52-week low of $1.46 and a 52-week high of $2.91.
Diana Shipping Dividend Announcement
Analysts Set New Price Targets
A number of research analysts have weighed in on DSX shares. Wall Street Zen raised Diana Shipping from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Diana Shipping in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Analysis on Diana Shipping
Diana Shipping Profile
Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.
The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.
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