Diana Shipping (NYSE:DSX) Share Price Passes Above Two Hundred Day Moving Average of $2.88

Diana Shipping Inc. (NYSE:DSX)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.88 and traded as high as $2.91. Diana Shipping shares last traded at $2.87, with a volume of 582,526 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Diana Shipping in a research report on Tuesday, February 6th. They set a “hold” rating for the company.

Diana Shipping Stock Down 1.4 %

The stock’s 50-day moving average price is $2.94 and its 200 day moving average price is $2.88. The firm has a market capitalization of $324.51 million, a price-to-earnings ratio of 6.67 and a beta of 1.20.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings data on Friday, February 23rd. The shipping company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $56.69 million during the quarter, compared to analyst estimates of $61.02 million. Diana Shipping had a net margin of 19.02% and a return on equity of 10.34%. On average, sell-side analysts anticipate that Diana Shipping Inc. will post 0.29 earnings per share for the current year.

Diana Shipping Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 10.45%. The ex-dividend date of this dividend was Monday, March 4th. Diana Shipping’s dividend payout ratio (DPR) is presently 69.77%.

Institutional Trading of Diana Shipping

Several hedge funds have recently made changes to their positions in DSX. Jump Financial LLC acquired a new stake in shares of Diana Shipping during the fourth quarter worth about $31,000. Scott & Selber Inc. acquired a new stake in Diana Shipping in the third quarter valued at approximately $35,000. Virtu Financial LLC acquired a new stake in Diana Shipping in the fourth quarter valued at approximately $43,000. Two Sigma Securities LLC acquired a new stake in Diana Shipping in the first quarter valued at approximately $45,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Diana Shipping in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

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 17, 2023, it operated a fleet of 41 dry bulk vessels, including 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 7 Panamax.