Diana Shipping inc. (NYSE:DSX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.65 and traded as high as $1.68. Diana Shipping shares last traded at $1.64, with a volume of 273,967 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Diana Shipping from a "sell" rating to a "hold" rating in a report on Saturday, May 24th.
Check Out Our Latest Report on Diana Shipping
Diana Shipping Trading Down 0.9%
The firm has a 50-day moving average of $1.54 and a 200-day moving average of $1.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.52 and a current ratio of 2.58. The firm has a market capitalization of $182.34 million, a P/E ratio of -157.50 and a beta of 0.77.
Diana Shipping (NYSE:DSX - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Diana Shipping had a return on equity of 3.73% and a net margin of 6.07%. The company had revenue of $54.90 million for the quarter, compared to the consensus estimate of $51.30 million.
Diana Shipping Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, June 24th. Investors of record on Wednesday, June 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a yield of 2.38%. Diana Shipping's payout ratio is -400.00%.
Hedge Funds Weigh In On Diana Shipping
Several institutional investors and hedge funds have recently bought and sold shares of DSX. Vident Advisory LLC grew its position in Diana Shipping by 213.5% during the 1st 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 during the last quarter. Millennium Management LLC bought a new stake in shares of Diana Shipping in the 4th quarter worth approximately $272,000. Mackenzie Financial Corp bought a new stake in shares of Diana Shipping in the 1st quarter worth approximately $212,000. Blair William & Co. IL bought a new stake in shares of Diana Shipping in the 1st quarter worth approximately $78,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Diana Shipping in the 4th quarter worth approximately $62,000. 48.68% of the stock is currently owned by institutional investors.
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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