Diana Shipping inc. (NYSE:DSX – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.27 and traded as high as $2.41. Diana Shipping shares last traded at $2.3550, with a volume of 883,603 shares.
Wall Street Analysts Forecast Growth
DSX has been the subject of several analyst reports. Weiss Ratings raised shares of Diana Shipping from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 22nd. Wall Street Zen raised shares of Diana Shipping from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Diana Shipping has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on DSX
Diana Shipping Price Performance
Diana Shipping (NYSE:DSX – Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The shipping company reported $0.02 earnings per share (EPS) for the quarter. Diana Shipping had a net margin of 20.61% and a return on equity of 4.56%. The firm had revenue of $52.05 million for the quarter.
Diana Shipping Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, June 10th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.04 annualized dividend and a dividend yield of 1.7%. Diana Shipping’s payout ratio is currently 11.43%.
Hedge Funds Weigh In On Diana Shipping
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position 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 buying an additional 622,500 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Diana Shipping by 3.2% during the fourth 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 purchasing an additional 20,943 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Diana Shipping during the first quarter valued at approximately $1,509,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Diana Shipping by 586.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 484,951 shares of the shipping company’s stock valued at $1,212,000 after purchasing an additional 414,280 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Diana Shipping during the fourth quarter valued at approximately $775,000. Hedge funds and other institutional investors own 48.68% of the company’s stock.
Diana Shipping Company 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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