Diana Shipping inc. (NYSE:DSX - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.63 and traded as high as $1.67. Diana Shipping shares last traded at $1.62, with a volume of 194,903 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Diana Shipping from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th.
Get Our Latest Analysis on DSX
Diana Shipping Stock Down 1.6%
The company has a debt-to-equity ratio of 1.29, a current ratio of 2.58 and a quick ratio of 2.52. The stock has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.63. The company has a market cap of $174.23 million, a P/E ratio of 25.09 and a beta of 0.77.
Diana Shipping (NYSE:DSX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The shipping company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Diana Shipping had a return on equity of 4.09% and a net margin of 9.36%. The company had revenue of $54.69 million for the quarter, compared to analyst estimates of $52.55 million.
Diana Shipping Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, August 21st. Diana Shipping's dividend payout ratio (DPR) is currently -400.00%.
Institutional Trading of Diana Shipping
Hedge funds have recently bought and sold shares of the business. Total Wealth Planning & Management Inc. bought a new stake in Diana Shipping during the fourth quarter worth $38,000. Millennium Management LLC bought a new stake in shares of Diana Shipping in the fourth quarter valued at $272,000. Vident Advisory LLC raised its stake in shares of Diana Shipping by 27.4% in the fourth quarter. Vident Advisory LLC now owns 146,448 shares of the shipping company's stock valued at $287,000 after buying an additional 31,491 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Diana Shipping in the fourth quarter valued at $62,000. Finally, Rathbones Group PLC bought a new stake in shares of Diana Shipping in the fourth quarter valued at $54,000. 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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