Mercer Global Advisors Inc. ADV Buys New Holdings in Diana Shipping Inc. (NYSE:DSX)

Mercer Global Advisors Inc. ADV purchased a new position in Diana Shipping Inc. (NYSE:DSX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,268 shares of the shipping company’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DSX. Choreo LLC bought a new stake in shares of Diana Shipping during the second quarter valued at approximately $38,000. Acadian Asset Management LLC bought a new position in shares of Diana Shipping in the first quarter worth approximately $385,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of Diana Shipping in the first quarter worth $53,000. Tidal Investments LLC raised its position in shares of Diana Shipping by 14.8% during the 1st quarter. Tidal Investments LLC now owns 47,882 shares of the shipping company’s stock valued at $138,000 after purchasing an additional 6,158 shares during the period. Finally, Scott & Selber Inc. bought a new stake in shares of Diana Shipping during the 2nd quarter valued at $30,000. Institutional investors own 48.68% of the company’s stock.

Diana Shipping Price Performance

NYSE:DSX opened at $2.52 on Wednesday. The stock has a market cap of $315.22 million, a PE ratio of 11.50 and a beta of 1.15. Diana Shipping Inc. has a 52 week low of $2.14 and a 52 week high of $3.57. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.11. The business’s 50-day simple moving average is $2.48 and its two-hundred day simple moving average is $2.78.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings data on Wednesday, July 31st. The shipping company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Diana Shipping had a return on equity of 5.34% and a net margin of 6.81%. The firm had revenue of $52.86 million during the quarter, compared to analysts’ expectations of $58.55 million.

Diana Shipping Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.30 annualized dividend and a dividend yield of 11.90%. Diana Shipping’s dividend payout ratio (DPR) is presently 136.36%.

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 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.