Diana Shipping (NYSE:DSX) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Diana Shipping inc. (NYSE:DSX)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.01 and traded as high as $2.57. Diana Shipping shares last traded at $2.5550, with a volume of 486,348 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Diana Shipping Stock Performance

The company has a debt-to-equity ratio of 1.15, a current ratio of 2.73 and a quick ratio of 2.69. The firm has a fifty day simple moving average of $2.43 and a 200 day simple moving average of $2.01. The company has a market cap of $295.84 million, a price-to-earnings ratio of 23.23 and a beta of 0.66.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.02 EPS for the quarter. Diana Shipping had a return on equity of 3.60% and a net margin of 8.35%.The company had revenue of $52.05 million for the quarter.

Diana Shipping Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, March 11th. Diana Shipping’s dividend payout ratio (DPR) is 36.36%.

Hedge Funds Weigh In On Diana Shipping

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CHICAGO TRUST Co NA bought a new stake in shares of Diana Shipping in the third quarter valued at approximately $72,000. Mercuria Capital Strategies LLC bought a new stake in shares of Diana Shipping in the fourth quarter valued at approximately $88,000. Virtu Financial LLC bought a new stake in shares of Diana Shipping in the fourth quarter valued at approximately $112,000. Goldman Sachs Group Inc. boosted its position in shares of Diana Shipping by 66.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock valued at $118,000 after acquiring an additional 28,384 shares during the period. Finally, 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 valued at $136,000 after acquiring an additional 64,784 shares during the period. Institutional investors and hedge funds own 48.68% of the company’s stock.

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.