Wall Street Zen upgraded shares of Diana Shipping (NYSE:DSX - Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.
Diana Shipping Stock Performance
DSX stock traded up $0.08 during trading on Friday, reaching $1.46. 529,616 shares of the company's stock were exchanged, compared to its average volume of 497,504. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. Diana Shipping has a 1-year low of $1.27 and a 1-year high of $3.07. The company's fifty day moving average price is $1.48 and its 200-day moving average price is $1.74. The firm has a market cap of $168.45 million, a PE ratio of 48.52 and a beta of 0.72.
Diana Shipping (NYSE:DSX - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%. The business had revenue of $54.90 million for the quarter, compared to analyst estimates of $51.30 million.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. boosted its position in Diana Shipping by 176.8% during the 4th 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 during the period. Total Wealth Planning & Management Inc. bought a new stake in shares of Diana Shipping in the 4th quarter worth $38,000. SBI Securities Co. Ltd. bought a new stake in shares of Diana Shipping in the 4th quarter worth $76,000. Vident Advisory LLC raised its stake in shares of Diana Shipping by 27.4% in the 4th quarter. Vident Advisory LLC now owns 146,448 shares of the shipping company's stock worth $287,000 after buying an additional 31,491 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. bought a new stake in shares of Diana Shipping in the 4th quarter worth $66,000. Institutional investors and hedge funds own 48.68% of the company's stock.
About Diana Shipping
(
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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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