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

Diana Shipping inc. (NYSE:DSX) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.29 and traded as high as $2.43. Diana Shipping shares last traded at $2.3150, with a volume of 444,276 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Diana Shipping from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Diana Shipping from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Diana Shipping currently has an average rating of “Hold”.

Diana Shipping Stock Down 3.1%

The company has a current ratio of 2.73, a quick ratio of 2.69 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $287.99 million, a P/E ratio of 6.61 and a beta of 0.51. The company’s fifty day simple moving average is $2.54 and its 200 day simple moving average is $2.29.

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

Diana Shipping Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.04 annualized dividend and a yield of 1.7%. Diana Shipping’s dividend payout ratio is 11.43%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Diana Shipping by 37,938.7% in the 1st quarter. Bank of America Corp DE now owns 252,577 shares of the shipping company’s stock worth $631,000 after purchasing an additional 251,913 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Diana Shipping by 71.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock worth $27,000 after purchasing an additional 4,550 shares in the last quarter. Lazard Asset Management LLC bought a new position in Diana Shipping in the 1st quarter worth $98,000. Renaissance Technologies LLC raised its holdings in Diana Shipping by 26.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,984,213 shares of the shipping company’s stock worth $7,461,000 after purchasing an additional 622,500 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Diana Shipping by 586.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 484,951 shares of the shipping company’s stock worth $1,212,000 after purchasing an additional 414,280 shares in the last quarter. 48.68% of the stock is currently owned by institutional investors.

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.