Diana Shipping inc. (NYSE:DSX - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.59 and traded as high as $1.65. Diana Shipping shares last traded at $1.65, with a volume of 190,577 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Diana Shipping from a "sell" rating to a "hold" rating in a report on Saturday, May 24th.
Get Our Latest Report on DSX
Diana Shipping Trading Up 6.9%
The stock has a 50 day moving average price of $1.58 and a 200 day moving average price of $1.58. The company has a current ratio of 2.58, a quick ratio of 2.52 and a debt-to-equity ratio of 1.24. The company has a market cap of $206.65 million, a PE ratio of 29.75 and a beta of 0.82.
Diana Shipping (NYSE:DSX - Get Free Report) last released its earnings results on Wednesday, July 30th. The shipping company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Diana Shipping had a net margin of 9.36% and a return on equity of 4.09%. The company had revenue of $54.69 million for the quarter, compared to analysts' expectations of $52.55 million.
Diana Shipping Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, August 21st. Diana Shipping's payout ratio is presently 66.67%.
Hedge Funds Weigh In On Diana Shipping
Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of Diana Shipping during the first quarter worth $26,000. Virtu Financial LLC acquired a new stake in Diana Shipping in the first quarter valued at approximately $33,000. Total Wealth Planning & Management Inc. acquired a new position in Diana Shipping during the 4th quarter valued at $38,000. Jane Street Group LLC bought a new position in shares of Diana Shipping during the fourth quarter valued at $43,000. Finally, State of Wyoming bought a new position in Diana Shipping in the first quarter valued at about $44,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.
Diana Shipping Company Profile
(
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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.
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