Two Sigma Advisers LP reduced its position in Diana Shipping Inc. (NYSE:DSX - Free Report) by 73.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,585 shares of the shipping company's stock after selling 168,875 shares during the quarter. Two Sigma Advisers LP's holdings in Diana Shipping were worth $117,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Pekin Hardy Strauss Inc. raised its stake 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 valued at $6,816,000 after acquiring an additional 2,221,213 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Diana Shipping in the 4th quarter valued at $76,000. Mraz Amerine & Associates Inc. purchased a new position in Diana Shipping during the 4th quarter worth $66,000. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Diana Shipping by 43.1% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,574 shares of the shipping company's stock worth $42,000 after acquiring an additional 6,500 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in shares of Diana Shipping in the 4th quarter worth $62,000. 48.68% of the stock is owned by institutional investors and hedge funds.
Diana Shipping Price Performance
Shares of DSX stock traded down $0.02 during midday trading on Monday, reaching $1.54. 255,624 shares of the company traded hands, compared to its average volume of 492,489. The firm's 50 day simple moving average is $1.47 and its two-hundred day simple moving average is $1.70. The firm has a market cap of $177.71 million, a PE ratio of 51.18 and a beta of 0.80. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. Diana Shipping Inc. has a 1-year low of $1.27 and a 1-year high of $3.00.
Diana Shipping (NYSE:DSX - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $54.90 million for the quarter, compared to analyst estimates of $51.30 million. Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Diana Shipping from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th.
View Our Latest Research Report on DSX
Diana Shipping Profile
(
Free Report)
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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