Diana Shipping (NYSE:DSX) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

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 $1.79 and traded as high as $2.35. Diana Shipping shares last traded at $2.3350, with a volume of 385,480 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DSX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diana Shipping in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Diana Shipping Stock Performance

The company has a debt-to-equity ratio of 1.30, a current ratio of 2.29 and a quick ratio of 2.24. The company has a fifty day moving average price of $1.94 and a 200 day moving average price of $1.79. The stock has a market cap of $270.35 million, a P/E ratio of 21.23 and a beta of 0.71.

Diana Shipping (NYSE:DSX) last issued its earnings results 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 for the quarter, compared to analysts’ expectations 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 8th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.04 annualized dividend and a dividend yield of 1.7%. Diana Shipping’s payout ratio is presently 36.36%.

Institutional Investors Weigh In On Diana Shipping

A number of institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd boosted its stake in Diana Shipping by 117.1% during the 2nd 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. CHICAGO TRUST Co NA bought a new position in shares of Diana Shipping in the third quarter valued at approximately $72,000. Two Sigma Investments LP boosted its position in shares of Diana Shipping by 407.4% during the third quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock valued at $136,000 after buying an additional 64,784 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Diana Shipping during the fourth quarter valued at approximately $148,000. Finally, Squarepoint Ops LLC bought a new stake in Diana Shipping during the third quarter worth $278,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

About Diana Shipping

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.