Citadel Advisors LLC Cuts Stake in Performance Shipping Inc. (NASDAQ:PSHG)

Citadel Advisors LLC reduced its stake in Performance Shipping Inc. (NASDAQ:PSHG) by 74.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,443 shares of the company’s stock after selling 45,509 shares during the period. Citadel Advisors LLC owned approximately 0.12% of Performance Shipping worth $29,000 as of its most recent SEC filing.

Performance Shipping Trading Down 0.6%

NASDAQ PSHG opened at $1.74 on Friday. Performance Shipping Inc. has a 12 month low of $1.31 and a 12 month high of $2.28. The stock has a market cap of $21.63 million, a P/E ratio of 1.55 and a beta of -0.36. The stock’s fifty day moving average price is $1.49 and its 200-day moving average price is $1.62. The company has a current ratio of 5.61, a quick ratio of 5.56 and a debt-to-equity ratio of 0.19.

Performance Shipping (NASDAQ:PSHG) last released its earnings results on Tuesday, May 27th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.56. Performance Shipping had a return on equity of 16.99% and a net margin of 49.49%. The firm had revenue of $21.33 million for the quarter, compared to analysts’ expectations of $21.12 million.

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