Diana Shipping (NYSE:DSX) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Diana Shipping shares crossed above their 200-day moving average, reaching $3.03 before closing at $2.985, up 0.8%. The stock’s 50-day and 200-day moving averages were $2.52 and $2.47, respectively.
• The company reported stronger-than-expected quarterly results, with earnings of $0.16 per share versus the $0.02 consensus estimate and revenue of $57.29 million. Diana Shipping also maintains a quarterly dividend of $0.01 per share, yielding approximately 1.3%.
• Analyst sentiment remains cautious overall, with a consensus “Hold” rating despite one upgrade to “strong buy.” Institutional investors and hedge funds own 48.68% of the company’s shares.

Diana Shipping inc. (NYSE:DSX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.47 and traded as high as $3.03. Diana Shipping shares last traded at $2.9850, with a volume of 1,723,517 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on DSX shares. Wall Street Zen upgraded Diana Shipping from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Weiss Ratings restated a "hold (c-)" rating on shares of Diana Shipping in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

Diana Shipping Trading Up 0.8%

The business's fifty day moving average is $2.52 and its 200-day moving average is $2.47. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.01 and a current ratio of 2.05. The firm has a market cap of $371.36 million, a P/E ratio of 6.22 and a beta of 0.51.

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

Diana Shipping Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 21st. Diana Shipping's payout ratio is 8.33%.

Institutional Trading of Diana Shipping

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

About Diana Shipping

Diana Shipping Inc NYSE: DSX 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 dry bulk cargoes used in international trade.

The company's vessels primarily operate under time charter and voyage charter arrangements with customers around the world. Diana Shipping serves a broad range of international trade routes, connecting commodity producers, exporters, and importers across the major shipping regions.

Founded in 1999, Diana Shipping is headquartered in Athens, Greece, and has been listed on the New York Stock Exchange since 2005.

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