Diana Shipping (NYSE:DSX) Stock Crosses Above 200-Day Moving Average – What’s Next?

Diana Shipping inc. (NYSE:DSX)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.67 and traded as high as $1.9550. Diana Shipping shares last traded at $1.9050, with a volume of 275,262 shares.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, October 8th. Wall Street Zen raised Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Diana Shipping currently has a consensus rating of “Sell”.

Diana Shipping Trading Down 1.3%

The company has a market capitalization of $220.56 million, a PE ratio of 17.32 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.24 and a current ratio of 2.29. The business has a fifty day moving average price of $1.74 and a 200 day moving average price of $1.67.

Diana Shipping (NYSE:DSX) last released its quarterly earnings data on Thursday, November 20th. The shipping company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $51.90 million during the quarter, compared to analyst estimates of $57.00 million. Diana Shipping had a net margin of 11.18% and a return on equity of 4.93%.

Diana Shipping Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 8th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.04 annualized dividend and a yield of 2.1%. Diana Shipping’s dividend payout ratio (DPR) is 36.36%.

Institutional Investors Weigh In On Diana Shipping

Several hedge funds have recently modified their holdings of the stock. Pekin Hardy Strauss Inc. lifted its holdings in Diana Shipping by 17.2% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 2,841,710 shares of the shipping company’s stock worth $4,149,000 after buying an additional 417,275 shares during the last quarter. Vident Advisory LLC raised its position in shares of 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. Blair William & Co. IL bought a new position in Diana Shipping during the first quarter worth $78,000. State of Wyoming acquired a new position in Diana Shipping in the first quarter worth $44,000. Finally, R Squared Ltd increased its stake in Diana Shipping by 117.1% during the second quarter. R Squared Ltd now owns 35,600 shares of the shipping company’s stock valued at $52,000 after purchasing an additional 19,205 shares during the last quarter. 48.68% of the stock is currently owned by hedge funds and other institutional investors.

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.