Diana Shipping (NYSE:DSX) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Diana Shipping's stock crossed above its 200-day moving average (200‑day MA $2.13) during Wednesday trading, reaching as high as $2.77 and last trading at $2.6920, with the 50‑day MA at $2.50 — a short‑term bullish technical signal.
• Analyst sentiment has improved recently—Wall Street Zen upgraded DSX to a Buy and Weiss Ratings moved to Hold—but the consensus rating remains an "Hold".
• Fundamentals: market cap ~$332.6M and P/E ~24.5; latest quarter EPS $0.02 on $52.05M revenue, and the company pays a quarterly dividend of $0.01 (annual $0.04) for a ~1.5% yield with a 36% payout ratio.

Diana Shipping inc. (NYSE:DSX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.13 and traded as high as $2.77. Diana Shipping shares last traded at $2.6920, with a volume of 960,113 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen raised Diana Shipping from a "hold" rating to a "buy" rating in a research report on Saturday, April 18th. Weiss Ratings raised Diana Shipping from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

Diana Shipping Stock Down 1.0%

The stock has a 50-day moving average of $2.50 and a 200-day moving average of $2.13. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.73 and a quick ratio of 2.69. The firm has a market cap of $332.57 million, a price-to-earnings ratio of 24.47 and a beta of 0.53.

Diana Shipping (NYSE:DSX - Get Free Report) last released its earnings results on Saturday, February 14th. The shipping company reported $0.02 earnings per share for the quarter. The firm had revenue of $52.05 million during the quarter. Diana Shipping had a return on equity of 3.60% and a net margin of 8.35%.

Diana Shipping Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, March 11th. Diana Shipping's payout ratio is 36.36%.

Institutional Investors Weigh In On Diana Shipping

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in Diana Shipping by 11.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,361,713 shares of the shipping company's stock valued at $3,920,000 after buying an additional 246,300 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Diana Shipping by 3.2% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 668,660 shares of the shipping company's stock worth $1,110,000 after acquiring an additional 20,943 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Diana Shipping during the 4th quarter worth approximately $775,000. Mackenzie Financial Corp boosted its position in shares of Diana Shipping by 46.4% during the 4th quarter. Mackenzie Financial Corp now owns 190,774 shares of the shipping company's stock worth $326,000 after acquiring an additional 60,430 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in Diana Shipping in the fourth quarter valued at approximately $300,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.

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