E Fund Management Hong Kong Co. Ltd. Acquires Shares of 647,717 Diana Shipping inc. $DSX

E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Diana Shipping inc. (NYSE:DSX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 647,717 shares of the shipping company’s stock, valued at approximately $1,088,000. Diana Shipping accounts for 0.7% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 27th largest holding. E Fund Management Hong Kong Co. Ltd. owned 0.56% of Diana Shipping as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the stock. Pekin Hardy Strauss Inc. grew its stake in shares of Diana Shipping by 17.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 2,841,710 shares of the shipping company’s stock worth $4,149,000 after purchasing an additional 417,275 shares during the period. State of Wyoming bought a new position in Diana Shipping during the first quarter worth about $44,000. R Squared Ltd grew its position in shares of Diana Shipping by 117.1% during the 2nd quarter. R Squared Ltd now owns 35,600 shares of the shipping company’s stock worth $52,000 after buying an additional 19,205 shares during the period. Finally, CHICAGO TRUST Co NA bought a new stake in shares of Diana Shipping in the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

Diana Shipping Price Performance

NYSE DSX opened at $1.82 on Wednesday. The business has a 50 day simple moving average of $1.77 and a 200 day simple moving average of $1.69. Diana Shipping inc. has a 52-week low of $1.27 and a 52-week high of $2.04. 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 stock has a market cap of $210.14 million, a price-to-earnings ratio of 16.50 and a beta of 0.68.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings results on Thursday, November 20th. The shipping company reported $0.05 earnings per share for the quarter. The firm had revenue of $51.90 million for 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 announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 8th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.04 dividend on an annualized basis and a yield of 2.2%. Diana Shipping’s dividend payout ratio is presently 36.36%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DSX. Wall Street Zen raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated 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, According to data from MarketBeat, the company presently has an average rating of “Sell”.

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.