Diana Shipping (NYSE:DSX) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of 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 $2.27 and traded as high as $2.41. Diana Shipping shares last traded at $2.3550, with a volume of 883,603 shares trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on DSX. Weiss Ratings raised shares of Diana Shipping from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of Diana Shipping from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Diana Shipping has an average rating of “Hold”.

Diana Shipping Price Performance

The stock has a market capitalization of $292.97 million, a price-to-earnings ratio of 6.73 and a beta of 0.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.73 and a quick ratio of 2.69. The company has a 50-day simple moving average of $2.55 and a two-hundred day simple moving average of $2.27.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.02 EPS for the quarter. The company had revenue of $52.05 million for the quarter. Diana Shipping had a return on equity of 4.56% and a net margin of 20.61%.

Diana Shipping Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, June 10th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.04 dividend on an annualized basis and a yield of 1.7%. Diana Shipping’s dividend payout ratio (DPR) is currently 11.43%.

Institutional Investors Weigh In On Diana Shipping

Several institutional investors and hedge funds have recently added to or reduced their stakes in DSX. Squarepoint Ops LLC bought a new position in Diana Shipping in the 3rd quarter worth approximately $278,000. Two Sigma Investments LP increased its position in Diana Shipping by 407.4% in the 3rd quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after buying an additional 64,784 shares during the period. First Eagle Investment Management LLC bought a new position in Diana Shipping in the 4th quarter worth approximately $775,000. E Fund Management Hong Kong Co. Ltd. increased its position in Diana Shipping by 3.2% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 668,660 shares of the shipping company’s stock worth $1,110,000 after buying an additional 20,943 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Diana Shipping in the 4th quarter worth approximately $148,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

About Diana Shipping

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.