Diana Shipping Inc. (NYSE:DSX) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its holdings in shares of Diana Shipping Inc. (NYSE:DSXGet Rating) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,734 shares of the shipping company’s stock after selling 2,733 shares during the quarter. Lazard Asset Management LLC’s holdings in Diana Shipping were worth $65,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Walleye Capital LLC boosted its position in Diana Shipping by 916.0% during the second quarter. Walleye Capital LLC now owns 1,058,686 shares of the shipping company’s stock worth $5,071,000 after acquiring an additional 954,486 shares during the last quarter. TownSquare Capital LLC boosted its position in Diana Shipping by 15.3% during the second quarter. TownSquare Capital LLC now owns 71,141 shares of the shipping company’s stock worth $341,000 after acquiring an additional 9,465 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in Diana Shipping during the second quarter worth about $91,000. Sterling Manor Financial LLC acquired a new position in Diana Shipping during the second quarter worth about $156,000. Finally, AE Wealth Management LLC acquired a new position in Diana Shipping during the second quarter worth about $361,000. 18.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DSX has been the topic of a number of analyst reports. Jefferies Financial Group downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating and reduced their target price for the stock from $7.00 to $5.00 in a research note on Monday, September 26th. StockNews.com downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating in a research note on Friday, November 18th.

Diana Shipping Price Performance

Shares of DSX stock opened at $4.33 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.73. The firm’s 50-day moving average is $4.22 and its two-hundred day moving average is $4.91. Diana Shipping Inc. has a 12 month low of $3.31 and a 12 month high of $6.89. The company has a market capitalization of $373.25 million, a PE ratio of 2.74 and a beta of 1.29.

Diana Shipping Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, November 28th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 16.17%. The ex-dividend date is Friday, November 25th. Diana Shipping’s payout ratio is currently 69.62%.

Diana Shipping Company Profile

(Get Rating)

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 April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.

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Institutional Ownership by Quarter for Diana Shipping (NYSE:DSX)

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