Goldman Sachs Group Inc. Reduces Position in Diana Shipping inc. $DSX

Goldman Sachs Group Inc. lessened its holdings in shares of Diana Shipping inc. (NYSE:DSX) by 22.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,161 shares of the shipping company’s stock after selling 28,150 shares during the period. Goldman Sachs Group Inc. owned 0.08% of Diana Shipping worth $153,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vident Advisory LLC grew its stake in Diana Shipping by 213.5% during the 1st quarter. Vident Advisory LLC now owns 459,051 shares of the shipping company’s stock valued at $716,000 after acquiring an additional 312,603 shares in the last quarter. Millennium Management LLC purchased a new stake in Diana Shipping during the 4th quarter valued at about $272,000. Mackenzie Financial Corp purchased a new stake in Diana Shipping during the 1st quarter valued at about $212,000. Blair William & Co. IL purchased a new stake in Diana Shipping during the 1st quarter valued at about $78,000. Finally, Verdence Capital Advisors LLC purchased a new stake in Diana Shipping during the 1st quarter valued at about $48,000. Hedge funds and other institutional investors own 48.68% of the company’s stock.

Diana Shipping Stock Performance

NYSE:DSX opened at $1.76 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.29 and a quick ratio of 2.24. The firm has a market capitalization of $203.18 million, a price-to-earnings ratio of 29.25 and a beta of 0.83. The company’s 50-day moving average is $1.68 and its two-hundred day moving average is $1.59. Diana Shipping inc. has a 1-year low of $1.27 and a 1-year high of $2.58.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings data on Wednesday, July 30th. The shipping company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Diana Shipping had a net margin of 9.36% and a return on equity of 4.09%. The firm had revenue of $54.69 million for the quarter, compared to analyst estimates of $52.55 million.

Diana Shipping Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, August 21st. Diana Shipping’s dividend payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Diana Shipping from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th.

Diana Shipping Profile

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.