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

Diana Shipping inc. (NYSE:DSX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.79 and traded as high as $2.35. Diana Shipping shares last traded at $2.3350, with a volume of 385,480 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diana Shipping in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Diana Shipping has a consensus rating of “Sell”.

Diana Shipping Trading Up 2.0%

The stock has a market capitalization of $270.35 million, a PE ratio of 21.23 and a beta of 0.71. The company has a current ratio of 2.29, a quick ratio of 2.24 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $1.94 and a 200-day moving average price of $1.79.

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

Diana Shipping Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 8th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, December 8th. This represents a $0.04 annualized dividend and a dividend yield of 1.7%. Diana Shipping’s dividend payout ratio (DPR) is presently 36.36%.

Hedge Funds Weigh In On Diana Shipping

Several institutional investors have recently bought and sold shares of the company. R Squared Ltd grew its holdings in Diana Shipping by 117.1% during the second 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 during the period. CHICAGO TRUST Co NA purchased a new position in shares of Diana Shipping during the 3rd quarter valued at $72,000. Two Sigma Investments LP lifted its position in shares of Diana Shipping by 407.4% during the 3rd quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock valued at $136,000 after buying an additional 64,784 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Diana Shipping during the 4th quarter worth $148,000. Finally, Squarepoint Ops LLC purchased a new stake in Diana Shipping in the 3rd quarter worth about $278,000. Hedge funds and other institutional investors own 48.68% of the company’s stock.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.