Wall Street Zen Downgrades Diana Shipping (NYSE:DSX) to Sell

Key Points

• Diana Shipping has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen.
• The company's stock opened at $1.94 with a market capitalization of $224.01 million and a recent twelve month high of $2.58.
• Institutional investors hold nearly 48.68% of Diana Shipping's stock, with several new positions acquired recently.

Wall Street Zen downgraded shares of Diana Shipping (NYSE:DSX - Free Report) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Diana Shipping Stock Performance

Shares of Diana Shipping stock traded down $0.01 during midday trading on Friday, hitting $1.91. The company had a trading volume of 197,717 shares, compared to its average volume of 383,799. The business's 50 day simple moving average is $1.65 and its two-hundred day simple moving average is $1.59. The stock has a market cap of $220.54 million, a PE ratio of 31.76 and a beta of 0.83. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.29 and a quick ratio of 2.52. Diana Shipping has a 1-year low of $1.27 and a 1-year high of $2.58.

Diana Shipping (NYSE:DSX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $54.69 million for the quarter, compared to the consensus estimate of $52.55 million. Diana Shipping had a net margin of 9.36% and a return on equity of 4.09%.

Diana Shipping Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st were paid a $0.01 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.04 annualized dividend and a dividend yield of 2.1%. Diana Shipping's dividend payout ratio (DPR) is presently 66.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DSX. R Squared Ltd bought a new position in Diana Shipping in the first quarter worth $26,000. Virtu Financial LLC bought a new position in Diana Shipping in the first quarter worth $33,000. Total Wealth Planning & Management Inc. bought a new position in Diana Shipping in the fourth quarter worth $38,000. Jane Street Group LLC bought a new position in Diana Shipping in the fourth quarter worth $43,000. Finally, State of Wyoming bought a new position in Diana Shipping in the first quarter worth $44,000. 48.68% of the stock is owned by institutional investors.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.