Diana Shipping (NYSE:DSX) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Diana Shipping inc. (NYSE:DSX)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.74 and traded as high as $2.22. Diana Shipping shares last traded at $2.1750, with a volume of 474,327 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DSX. Weiss Ratings reissued a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, January 21st. Wall Street Zen upgraded Diana Shipping from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Diana Shipping presently has an average 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 firm has a market capitalization of $251.82 million, a PE ratio of 19.77 and a beta of 0.68. The firm has a fifty day moving average price of $1.84 and a 200 day moving average price of $1.74.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Thursday, November 20th. The shipping company reported $0.05 earnings per share for the quarter. The business 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 8th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, December 8th. Diana Shipping’s dividend payout ratio (DPR) is 36.36%.

Institutional Investors Weigh In On Diana Shipping

Several hedge funds have recently made changes to their positions in the company. R Squared Ltd grew its position in 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 purchasing an additional 19,205 shares in the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of Diana Shipping in the third quarter worth $72,000. Two Sigma Investments LP boosted its position in shares of Diana Shipping by 407.4% in the third quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after buying an additional 64,784 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Diana Shipping during the third quarter valued at $278,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Diana Shipping during the third quarter valued at $1,088,000. Hedge funds and other institutional investors 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.