Diana Shipping inc. (NYSE:DSX - Get Free Report) shares 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.
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 Analysis on DSX
Diana Shipping Trading Up 0.3%
The stock has a market cap of $191.60 million, a P/E ratio of 27.59 and a beta of 0.81. 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 50-day moving average price of $1.57 and a two-hundred day moving average price of $1.59.
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 the consensus estimate of $0.02 by $0.01. The firm had revenue of $54.69 million for the quarter, compared to the consensus estimate of $52.55 million. Diana Shipping had a return on equity of 4.09% and a net margin of 9.36%.
Diana Shipping Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 21st. Diana Shipping's dividend payout ratio is 66.67%.
Institutional Investors Weigh In On Diana Shipping
Several hedge funds have recently made changes to their positions in DSX. Two Sigma Securities LLC purchased a new stake in shares of Diana Shipping in the 4th quarter worth $62,000. Jane Street Group LLC purchased a new stake in shares of Diana Shipping during the 4th quarter worth $43,000. Millennium Management LLC purchased a new stake in shares of Diana Shipping during the 4th quarter worth $272,000. Vident Advisory LLC lifted its stake in shares of Diana Shipping by 27.4% during the 4th quarter. Vident Advisory LLC now owns 146,448 shares of the shipping company's stock worth $287,000 after purchasing an additional 31,491 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new stake in shares of Diana Shipping during the 4th quarter worth $38,000. 48.68% of the stock is currently owned by hedge funds and other institutional investors.
About Diana Shipping
(
Get Free Report)
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.
Read More
Before you consider Diana Shipping, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diana Shipping wasn't on the list.
While Diana Shipping currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
