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

Shares of Diana Shipping inc. (NYSE:DSX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.69 and traded as high as $1.72. Diana Shipping shares last traded at $1.6950, with a volume of 544,520 shares trading hands.

Wall Street Analysts Forecast Growth

DSX has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Diana Shipping presently has a consensus rating of “Sell”.

Diana Shipping Stock Down 0.3%

The company has a quick ratio of 2.24, a current ratio of 2.29 and a debt-to-equity ratio of 1.30. The company’s fifty day moving average price is $1.76 and its 200-day moving average price is $1.69. The stock has a market capitalization of $196.25 million, a PE ratio of 15.41 and a beta of 0.69.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings data on Thursday, November 20th. The shipping company reported $0.05 earnings per share 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 return on equity of 4.93% and a net margin of 11.18%.

Diana Shipping Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 8th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, December 8th. This represents a $0.04 annualized dividend and a dividend yield of 2.4%. Diana Shipping’s dividend payout ratio (DPR) is presently 36.36%.

Institutional Trading of Diana Shipping

Several institutional investors have recently bought and sold shares of DSX. E Fund Management Hong Kong Co. Ltd. bought a new stake in Diana Shipping during the 3rd quarter valued at about $1,088,000. Pekin Hardy Strauss Inc. lifted its stake in shares of Diana Shipping by 17.2% in the second 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 in the last quarter. Vident Advisory LLC grew its holdings in shares of Diana Shipping by 213.5% during the first quarter. Vident Advisory LLC now owns 459,051 shares of the shipping company’s stock valued at $716,000 after buying an additional 312,603 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Diana Shipping during the third quarter valued at approximately $278,000. Finally, Two Sigma Investments LP raised its holdings in Diana Shipping by 407.4% in the 3rd quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after acquiring an additional 64,784 shares during the last quarter. 48.68% of the stock is owned by hedge funds and other institutional investors.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.