Wall Street Zen upgraded shares of Diana Shipping (NYSE:DSX - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
Diana Shipping Stock Up 2.4%
DSX traded up $0.04 on Friday, hitting $1.47. 163,852 shares of the company were exchanged, compared to its average volume of 505,725. 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 $169.61 million, a PE ratio of 48.85 and a beta of 0.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10. The stock's fifty day moving average is $1.49 and its 200-day moving average is $1.75.
Institutional Trading of Diana Shipping
Several institutional investors and hedge funds have recently bought and sold shares of DSX. R Squared Ltd bought a new stake in Diana Shipping in the first quarter valued at approximately $26,000. Virtu Financial LLC bought a new stake in Diana Shipping in the first quarter valued at approximately $33,000. Total Wealth Planning & Management Inc. bought a new stake in Diana Shipping in the fourth quarter valued at approximately $38,000. Sheaff Brock Investment Advisors LLC raised its stake in Diana Shipping by 43.1% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,574 shares of the shipping company's stock valued at $42,000 after buying an additional 6,500 shares during the period. Finally, Jane Street Group LLC bought a new stake in Diana Shipping in the fourth quarter valued at approximately $43,000. Institutional investors 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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