Vident Advisory LLC Boosts Holdings in Diana Shipping inc. $DSX

Key Points

• Vident Advisory LLC increased its stake in Diana Shipping by 213.5%, owning 459,051 shares valued at $716,000 as of the latest SEC filing.
• In addition to Vident, several hedge funds have also recently acquired positions in Diana Shipping, contributing to 48.68% of the company's stock being owned by institutional investors.
• Diana Shipping recently declared a $0.01 quarterly dividend, with a yield of 2.4%, which is scheduled to be paid on September 11th.

Vident Advisory LLC increased its stake in shares of Diana Shipping inc. (NYSE:DSX - Free Report) by 213.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 459,051 shares of the shipping company's stock after purchasing an additional 312,603 shares during the period. Vident Advisory LLC owned 0.40% of Diana Shipping worth $716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Millennium Management LLC acquired a new position in shares of Diana Shipping during the 4th quarter worth about $272,000. Mackenzie Financial Corp acquired a new position in shares of Diana Shipping during the 1st quarter worth about $212,000. Blair William & Co. IL acquired a new position in shares of Diana Shipping during the 1st quarter worth about $78,000. Verdence Capital Advisors LLC acquired a new position in shares of Diana Shipping during the 1st quarter worth about $48,000. Finally, State of Wyoming acquired a new position in shares of Diana Shipping during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 48.68% of the company's stock.

Diana Shipping Price Performance

DSX stock traded up $0.03 during mid-day trading on Thursday, reaching $1.88. The company's stock had a trading volume of 230,650 shares, compared to its average volume of 404,394. The stock has a market cap of $217.07 million, a PE ratio of 31.26 and a beta of 0.83. The company has a current ratio of 2.58, a quick ratio of 2.52 and a debt-to-equity ratio of 1.24. Diana Shipping inc. has a fifty-two week low of $1.27 and a fifty-two week high of $2.58. The company's 50 day moving average is $1.61 and its two-hundred day moving average is $1.58.

Diana Shipping (NYSE:DSX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The shipping company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $54.69 million during the quarter, compared to the consensus estimate of $52.55 million. Diana Shipping had a net margin of 9.36% and a return on equity of 4.09%.

Diana Shipping Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.04 annualized dividend and a dividend yield of 2.1%. Diana Shipping's dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

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

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.