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

Diana Shipping inc. (NYSE:DSX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.97 and traded as high as $2.47. Diana Shipping shares last traded at $2.4150, with a volume of 718,566 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Diana Shipping Stock Up 4.5%

The firm’s 50-day moving average price is $2.35 and its 200 day moving average price is $1.97. The company has a current ratio of 2.73, a quick ratio of 2.69 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $279.63 million, a price-to-earnings ratio of 21.96 and a beta of 0.64.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings results on Thursday, February 26th. The shipping company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $52.10 million for the quarter, compared to analyst estimates of $52.00 million. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%.

Diana Shipping Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.04 annualized dividend and a yield of 1.7%. Diana Shipping’s dividend payout ratio is presently 36.36%.

Hedge Funds Weigh In On Diana Shipping

Several hedge funds and other institutional investors have recently modified their holdings of DSX. CHICAGO TRUST Co NA acquired a new position in shares of Diana Shipping during the 3rd quarter worth $72,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Diana Shipping in the third quarter valued at about $1,088,000. Squarepoint Ops LLC bought a new position in Diana Shipping in the third quarter valued at about $278,000. Two Sigma Investments LP grew its position in Diana Shipping by 407.4% in the third quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock valued at $136,000 after acquiring an additional 64,784 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in Diana Shipping during the fourth quarter worth about $775,000. 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.