Diana Shipping (NYSE:DSX) Upgraded to “Strong-Buy” at Wall Street Zen

Posted by George Bondi on Aug 2nd, 2026

Wall Street Zen upgraded shares of Diana Shipping (NYSE:DSX – Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diana Shipping in a research note on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Diana Shipping currently has an average rating of “Hold”.

Check Out Our Latest Report on Diana Shipping

Diana Shipping Price Performance

NYSE:DSX opened at $2.42 on Friday. Diana Shipping has a one year low of $1.46 and a one year high of $2.91. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.69 and a current ratio of 2.73. The stock has a market cap of $300.43 million, a PE ratio of 5.03 and a beta of 0.51. The stock has a 50 day moving average price of $2.24 and a 200 day moving average price of $2.37.

Diana Shipping (NYSE:DSX – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The shipping company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. The company had revenue of $57.29 million for the quarter, compared to analyst estimates of $54.60 million. Diana Shipping had a return on equity of 7.70% and a net margin of 27.88%.

Diana Shipping Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.7%. Diana Shipping’s dividend payout ratio is 11.43%.

Institutional Trading of Diana Shipping

Several institutional investors have recently made changes to their positions in the company. Walleye Capital LLC acquired a new position in Diana Shipping in the first quarter valued at approximately $1,509,000. First Eagle Investment Management LLC acquired a new stake in Diana Shipping during the fourth quarter worth $775,000. Goldman Sachs Group Inc. increased its stake in Diana Shipping by 66.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock worth $118,000 after acquiring an additional 28,384 shares during the last quarter. Two Sigma Investments LP increased its stake in Diana Shipping by 407.4% during the third quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after acquiring an additional 64,784 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Diana Shipping in the third quarter valued at $278,000. Hedge funds and other institutional investors own 48.68% of the company’s stock.

Key Diana Shipping News

Here are the key news stories impacting Diana Shipping this week:

Positive Sentiment: Q2 results significantly exceeded expectations: Diana reported diluted EPS of $0.16, compared with the $0.02 consensus estimate, while revenue reached $57.3 million versus expectations of $54.6 million. Diana Shipping Q2 Earnings Snapshot
Positive Sentiment: Profitability surged year over year: Second-quarter net income rose to $20.8 million from $4.5 million, and net income attributable to common shareholders increased to $19.3 million from $3.1 million. First-half net income reached $49.9 million, compared with $7.5 million a year earlier. Diana Shipping Q2 Financial Results
Positive Sentiment: Higher charter rates supported operations: Time charter revenue increased to $57.3 million from $54.7 million, while the average time charter equivalent rate rose to $16,581 per day from $15,492. Fleet utilization remained exceptionally high at 99.6%.
Positive Sentiment: Shareholder distribution maintained: Diana declared a $0.01-per-share quarterly dividend, payable September 11 to shareholders of record August 21. Operating cash flow also more than doubled year over year in the quarter to $17.5 million.
Neutral Sentiment: Management said Diana continues to trade at a substantial discount to net asset value and argued that investor attention has been diverted by the proposed Genco acquisition. Completion of that transaction could create a larger, more diversified and liquid platform, but no outcome or valuation benefit is assured.
Neutral Sentiment: The company filed a July 2026 Form 6-K with an updated investor presentation, providing additional information on its financial performance, fleet employment and strategic developments. Diana Shipping Form 6-K and Investor Presentation
Negative Sentiment: Although earnings were strong, much of the quarterly improvement reflected a $14.3 million gain on equity securities, making results less representative of recurring shipping operations. Vessel operating expenses also increased, and the dividend remains modest relative to reported earnings.

About Diana Shipping

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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.