Diana Shipping (NYSE:DSX) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Diana Shipping inc. (NYSE:DSX) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.67 and traded as high as $1.9550. Diana Shipping shares last traded at $1.9050, with a volume of 275,262 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on DSX. Weiss Ratings restated a “sell (d)” rating on shares of Diana Shipping in a research note on Wednesday, October 8th. Wall Street Zen raised Diana Shipping from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Diana Shipping presently has an average rating of “Sell”.

Diana Shipping Price Performance

The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.24 and a current ratio of 2.29. The firm has a market capitalization of $220.56 million, a P/E ratio of 17.32 and a beta of 0.69. The business has a fifty day moving average of $1.74 and a 200-day moving average of $1.67.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings results on Thursday, November 20th. The shipping company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $51.90 million during the quarter, compared to analyst estimates of $57.00 million. Diana Shipping had a return on equity of 4.93% and a net margin of 11.18%.

Diana Shipping Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 8th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.04 annualized dividend and a yield of 2.1%. Diana Shipping’s dividend payout ratio (DPR) is presently 36.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of Diana Shipping during the first quarter valued at approximately $33,000. State of Wyoming bought a new position in Diana Shipping during the 1st quarter valued at $44,000. R Squared Ltd boosted its stake in Diana Shipping by 117.1% during the 2nd quarter. R Squared Ltd now owns 35,600 shares of the shipping company’s stock valued at $52,000 after purchasing an additional 19,205 shares in the last quarter. CHICAGO TRUST Co NA acquired a new position in shares of Diana Shipping during the 3rd quarter valued at $72,000. Finally, Blair William & Co. IL bought a new stake in shares of Diana Shipping in the 1st quarter worth $78,000. 48.68% of the stock is currently owned by institutional investors.

Diana Shipping Company Profile

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.