Diana Shipping inc. $DSX Stock Sold by Hosking Partners LLP

Key Points

• Hosking Partners cut its Diana Shipping position by 27.7% in the third quarter, selling 481,637 shares and retaining 1.26 million shares worth approximately $3.46 million. Institutional investors and hedge funds collectively own 48.68% of DSX.
• Diana Shipping reported quarterly earnings of $0.16 per share, beating the $0.02 consensus estimate, while revenue reached $57.29 million versus expectations of $54.60 million.
• DSX opened at $2.58, with a market capitalization of about $321.6 million, and recently paid a quarterly dividend of $0.01, representing a 1.5% annualized yield. Analysts maintain a consensus “Hold” rating.

Hosking Partners LLP trimmed its position in Diana Shipping inc. (NYSE:DSX - Free Report) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,258,155 shares of the shipping company's stock after selling 481,637 shares during the period. Hosking Partners LLP owned approximately 1.01% of Diana Shipping worth $3,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Diana Shipping by 586.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 484,951 shares of the shipping company's stock worth $1,212,000 after purchasing an additional 414,280 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Diana Shipping by 26.4% during the 1st quarter. Renaissance Technologies LLC now owns 2,984,213 shares of the shipping company's stock valued at $7,461,000 after purchasing an additional 622,500 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Diana Shipping during the 1st quarter valued at $1,509,000. GSA Capital Partners LLP acquired a new stake in shares of Diana Shipping in the 2nd quarter worth $763,000. Finally, Bank of America Corp DE boosted its position in shares of Diana Shipping by 37,938.7% in the 1st quarter. Bank of America Corp DE now owns 252,577 shares of the shipping company's stock worth $631,000 after purchasing an additional 251,913 shares in the last quarter. 48.68% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping Trading Up 2.6%

NYSE DSX opened at $2.58 on Thursday. Diana Shipping inc. has a 1 year low of $1.60 and a 1 year high of $3.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.05 and a quick ratio of 2.01. The company has a market capitalization of $321.61 million, a PE ratio of 5.39 and a beta of 0.59. The company has a fifty day moving average of $2.80 and a 200 day moving average of $2.53.

Diana Shipping (NYSE:DSX - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The shipping company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.14. The company had revenue of $57.29 million for the quarter, compared to the consensus estimate of $54.60 million. Diana Shipping had a return on equity of 7.55% and a net margin of 27.88%.

Diana Shipping Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 21st. Diana Shipping's payout ratio is 8.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DSX. Weiss Ratings restated a "hold (c-)" rating on shares of Diana Shipping in a research note on Monday, July 20th. Wall Street Zen raised Diana Shipping from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Diana Shipping Profile

Diana Shipping Inc is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major commodities, including iron ore, grain and coal, as well as other bulk cargoes used in international trade. The company's vessels serve customers and routes across global markets.

Diana Shipping's fleet has historically included Capesize, Kamsarmax, Panamax and Ultramax vessels. The company generally employs its ships through time charter agreements, under which vessels are leased to customers for specified periods, as well as through other commercial arrangements.

Founded in 1999, Diana Shipping is incorporated in the Marshall Islands and operates from Greece, a major international center for shipping.

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