Diana Shipping (NYSE:DSX) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Diana Shipping's stock has received a "sell (D)" rating from Weiss Ratings, indicating a negative outlook from analysts.
• Additionally, Wall Street Zen has downgraded Diana Shipping's rating from "hold" to "sell," contributing to a consensus rating of "Sell" for the stock.
• Diana Shipping's shares are currently trading at $1.68, with a market cap of $194.50 million and a 12-month trading range between $1.27 and $2.50.

Diana Shipping (NYSE:DSX - Get Free Report)'s stock had its "sell (d)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded Diana Shipping from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".

Diana Shipping Stock Performance

Shares of DSX traded down $0.02 during midday trading on Wednesday, reaching $1.68. 194,622 shares of the stock were exchanged, compared to its average volume of 343,002. Diana Shipping has a twelve month low of $1.27 and a twelve month high of $2.50. The company has a quick ratio of 2.24, a current ratio of 2.29 and a debt-to-equity ratio of 1.13. The company has a market cap of $194.50 million, a P/E ratio of 28.00 and a beta of 0.82. The stock's 50 day simple moving average is $1.69 and its 200 day simple moving average is $1.58.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DSX. Pekin Hardy Strauss Inc. raised its stake in Diana Shipping by 17.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 2,841,710 shares of the shipping company's stock worth $4,149,000 after acquiring an additional 417,275 shares in the last quarter. Vident Advisory LLC raised its stake in Diana Shipping by 213.5% during the first quarter. Vident Advisory LLC now owns 459,051 shares of the shipping company's stock worth $716,000 after acquiring an additional 312,603 shares in the last quarter. Millennium Management LLC acquired a new position in Diana Shipping during the fourth quarter worth about $272,000. Mackenzie Financial Corp acquired a new position in Diana Shipping during the first quarter worth about $212,000. Finally, Blair William & Co. IL acquired a new position in Diana Shipping during the first quarter worth about $78,000. Institutional investors and hedge funds own 48.68% of the company's stock.

About Diana Shipping

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.