Diana Shipping (NYSE:DSX) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Diana Shipping crossed above its 200-day moving average, trading as high as $2.50 and last at $2.4950 compared with a 200‑day MA of $2.09 (50‑day MA $2.49).
• Brokerage activity is mixed — Weiss upgraded DSX from "sell (d+)" to "hold (c-)" and Wall Street Zen moved it to "buy" — but the consensus remains an average rating of "Hold".
• Key fundamentals: market cap ~$288.9M, P/E 22.68, quarterly dividend $0.01 (annualized $0.04, yield 1.6%), and institutional investors own about 48.7% with recent stake increases by Renaissance, Mackenzie, XTX and others.

Diana Shipping inc. (NYSE:DSX - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.09 and traded as high as $2.50. Diana Shipping shares last traded at $2.4950, with a volume of 332,696 shares traded.

Analyst Upgrades and Downgrades

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

Diana Shipping Price Performance

The company has a current ratio of 2.73, a quick ratio of 2.69 and a debt-to-equity ratio of 1.15. The company has a market cap of $288.90 million, a P/E ratio of 22.68 and a beta of 0.66. The firm has a 50 day moving average of $2.49 and a 200-day moving average of $2.09.

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

Diana Shipping Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, March 11th. Diana Shipping's payout ratio is currently 36.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DSX. Blue Trust Inc. grew its position in shares of Diana Shipping by 159.0% during the first quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company's stock valued at $32,000 after purchasing an additional 7,881 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Diana Shipping in the fourth quarter worth about $112,000. Mackenzie Financial Corp lifted its position in shares of Diana Shipping by 46.4% in the fourth quarter. Mackenzie Financial Corp now owns 190,774 shares of the shipping company's stock worth $326,000 after buying an additional 60,430 shares in the last quarter. XTX Topco Ltd boosted its stake in Diana Shipping by 84.1% during the fourth quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company's stock valued at $241,000 after buying an additional 66,212 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Diana Shipping by 11.6% during the fourth 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 last quarter. Institutional investors own 48.68% of the company's stock.

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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