Diana Shipping inc. (NYSE:DSX – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $2.52 and traded as high as $2.88. Diana Shipping shares last traded at $2.8250, with a volume of 465,384 shares changing hands.
Analyst Upgrades and Downgrades
DSX has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Diana Shipping from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Diana Shipping in a research note on Monday, July 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Diana Shipping has an average rating of “Hold”.
Check Out Our Latest Report on DSX
Diana Shipping Trading Down 2.6%
Diana Shipping (NYSE:DSX – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The shipping company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.14. Diana Shipping had a return on equity of 7.55% and a net margin of 27.88%.The business had revenue of $57.29 million during the quarter, compared to the consensus estimate of $54.60 million.
Diana Shipping Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 21st. Diana Shipping’s dividend payout ratio is 8.33%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Diana Shipping by 26.4% during the first quarter. Renaissance Technologies LLC now owns 2,984,213 shares of the shipping company’s stock valued at $7,461,000 after purchasing an additional 622,500 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Diana Shipping in the 1st quarter valued at approximately $1,509,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Diana Shipping by 586.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 484,951 shares of the shipping company’s stock worth $1,212,000 after purchasing an additional 414,280 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Diana Shipping in the second quarter worth about $763,000. Finally, Bank of America Corp DE grew its holdings in Diana Shipping by 37,938.7% during the first quarter. Bank of America Corp DE now owns 252,577 shares of the shipping company’s stock valued at $631,000 after purchasing an additional 251,913 shares during the last quarter. 48.68% of the stock is currently owned by institutional investors.
Diana Shipping Company Profile
Diana Shipping Inc is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major commodities, including iron ore, grain and coal, as well as other bulk cargoes used in international trade. The company’s vessels serve customers and routes across global markets.
Diana Shipping’s fleet has historically included Capesize, Kamsarmax, Panamax and Ultramax vessels. The company generally employs its ships through time charter agreements, under which vessels are leased to customers for specified periods, as well as through other commercial arrangements.
Founded in 1999, Diana Shipping is incorporated in the Marshall Islands and operates from Greece, a major international center for shipping.
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