Diana Shipping (NYSE:DSX) Share Price 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 $1.92 and traded as high as $2.55. Diana Shipping shares last traded at $2.4850, with a volume of 1,603,522 shares trading hands.

Analyst Ratings Changes

DSX has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, January 21st. Wall Street Zen raised Diana Shipping from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Diana Shipping Price Performance

The company has a market capitalization of $287.74 million, a P/E ratio of 22.59 and a beta of 0.64. The business’s 50-day moving average is $2.22 and its two-hundred day moving average is $1.92. The company has a quick ratio of 2.24, a current ratio of 2.29 and a debt-to-equity ratio of 1.27.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings data on Thursday, February 26th. The shipping company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $52.05 million during the quarter, compared to the consensus estimate of $52.00 million. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%.

Diana Shipping Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, March 11th. Diana Shipping’s payout ratio is currently 36.36%.

Institutional Investors Weigh In On Diana Shipping

Institutional investors and hedge funds have recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Diana Shipping by 3.2% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 668,660 shares of the shipping company’s stock valued at $1,110,000 after acquiring an additional 20,943 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Diana Shipping by 66.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock worth $118,000 after acquiring an additional 28,384 shares during the period. CHICAGO TRUST Co NA acquired a new position in Diana Shipping in the 3rd quarter valued at $72,000. Mercuria Capital Strategies LLC acquired a new position in Diana Shipping in the 4th quarter valued at $88,000. Finally, Mackenzie Financial Corp lifted its position in shares of Diana Shipping by 46.4% during the 4th quarter. Mackenzie Financial Corp now owns 190,774 shares of the shipping company’s stock valued at $326,000 after acquiring an additional 60,430 shares during the period. 48.68% of the stock is owned by hedge funds and other institutional investors.

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.