Diana Shipping inc. (NYSE:DSX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.59 and traded as high as $1.67. Diana Shipping shares last traded at $1.67, with a volume of 187,300 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Diana Shipping from a "sell" rating to a "hold" rating in a report on Saturday, May 24th.
Read Our Latest Report on DSX
Diana Shipping Stock Performance
The company has a market cap of $191.60 million, a P/E ratio of 27.59 and a beta of 0.82. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.52 and a current ratio of 2.58. The stock's fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.59.
Diana Shipping (NYSE:DSX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The shipping company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $54.69 million during 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.04 annualized dividend and a yield of 2.4%. Diana Shipping's dividend payout ratio is presently 66.67%.
Hedge Funds Weigh In On Diana Shipping
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in Diana Shipping in the 1st quarter valued at approximately $26,000. Virtu Financial LLC bought a new position in shares of Diana Shipping during the first quarter valued at $33,000. Total Wealth Planning & Management Inc. bought a new position in shares of Diana Shipping during the fourth 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 shares of Diana Shipping during the first quarter valued at $44,000. Institutional investors own 48.68% of the company's stock.
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.
Further Reading
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