Wall Street Zen upgraded shares of Diana Shipping (NYSE:DSX - Free Report) from a sell rating to a hold rating in a research note released on Saturday.
Diana Shipping Trading Down 3.7%
Shares of Diana Shipping stock traded down $0.05 during midday trading on Friday, reaching $1.42. 100,291 shares of the company's stock traded hands, compared to its average volume of 504,117. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10. Diana Shipping has a 12 month low of $1.27 and a 12 month high of $3.14. The company has a market cap of $163.93 million, a PE ratio of 47.52 and a beta of 0.72. The stock has a 50 day moving average of $1.49 and a 200-day moving average of $1.74.
Institutional Trading of Diana Shipping
A number of hedge funds and other institutional investors have recently modified their holdings of DSX. Pekin Hardy Strauss Inc. boosted its stake in Diana Shipping by 176.8% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 3,477,379 shares of the shipping company's stock worth $6,816,000 after acquiring an additional 2,221,213 shares in the last quarter. Vident Advisory LLC boosted its holdings in Diana Shipping by 213.5% in the first quarter. Vident Advisory LLC now owns 459,051 shares of the shipping company's stock worth $716,000 after acquiring an additional 312,603 shares in the last quarter. Millennium Management LLC bought a new position in shares of Diana Shipping during the fourth quarter valued at $272,000. Mackenzie Financial Corp purchased a new position in shares of Diana Shipping in the 1st quarter worth about $212,000. Finally, Blair William & Co. IL bought a new position in Diana Shipping in the 1st quarter worth about $78,000. 48.68% of the stock is owned by hedge funds and other 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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