Pekin Hardy Strauss Inc. Has $3.78 Million Stock Position in Diana Shipping inc. (NYSE:DSX)

Pekin Hardy Strauss Inc. lessened its stake in shares of Diana Shipping inc. (NYSE:DSX - Free Report) by 30.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,424,435 shares of the shipping company's stock after selling 1,052,944 shares during the period. Pekin Hardy Strauss Inc. owned approximately 1.94% of Diana Shipping worth $3,782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Diana Shipping in the fourth quarter valued at approximately $272,000. SBI Securities Co. Ltd. acquired a new position in shares of Diana Shipping in the 4th quarter valued at $76,000. Two Sigma Securities LLC acquired a new position in Diana Shipping during the 4th quarter worth about $62,000. Vident Advisory LLC raised its position in Diana Shipping by 27.4% in the 4th quarter. Vident Advisory LLC now owns 146,448 shares of the shipping company's stock valued at $287,000 after purchasing an additional 31,491 shares in the last quarter. Finally, Rathbones Group PLC purchased a new position in shares of Diana Shipping in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 48.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Diana Shipping from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th.

Diana Shipping Price Performance

Diana Shipping stock traded up $0.07 during mid-day trading on Thursday, hitting $1.58. 360,686 shares of the company were exchanged, compared to its average volume of 465,728. The company has a market capitalization of $182.34 million, a P/E ratio of -157.50 and a beta of 0.77. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.58 and a quick ratio of 2.52. Diana Shipping inc. has a 12-month low of $1.27 and a 12-month high of $2.92. The business's 50 day simple moving average is $1.53 and its two-hundred day simple moving average is $1.66.

Diana Shipping (NYSE:DSX - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The shipping company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Diana Shipping had a net margin of 6.07% and a return on equity of 3.73%. The business had revenue of $54.90 million during the quarter, compared to analysts' expectations of $51.30 million.

Diana Shipping Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 24th. Investors of record on Wednesday, June 18th were paid a $0.01 dividend. This represents a dividend yield of 2.38%. The ex-dividend date was Tuesday, June 17th. Diana Shipping's dividend payout ratio (DPR) is -400.00%.

About Diana Shipping

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.