Diana Shipping (NYSE:DSX) Announces Earnings Results, Beats Expectations By $0.04 EPS

Diana Shipping (NYSE:DSX) announced its earnings results on Thursday. The shipping company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04, Zacks reports. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%.

Diana Shipping Stock Performance

NYSE:DSX opened at $2.53 on Thursday. The business has a 50 day moving average of $2.56 and a 200 day moving average of $2.23. The company has a market capitalization of $311.94 million, a price-to-earnings ratio of 22.96 and a beta of 0.53. Diana Shipping has a 1-year low of $1.38 and a 1-year high of $2.91. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.73 and a quick ratio of 2.69.

Analyst Ratings Changes

Several analysts have recently weighed in on DSX shares. Wall Street Zen cut shares of Diana Shipping from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Diana Shipping from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DSX. Virtu Financial LLC bought a new stake in shares of Diana Shipping in the 4th quarter worth approximately $112,000. Goldman Sachs Group Inc. raised its position in Diana Shipping by 66.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock worth $118,000 after purchasing an additional 28,384 shares during the period. Two Sigma Investments LP raised its position in Diana Shipping by 407.4% in the 3rd quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after purchasing an additional 64,784 shares during the period. XTX Topco Ltd lifted its stake in Diana Shipping by 84.1% in the fourth quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company’s stock worth $241,000 after purchasing an additional 66,212 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Diana Shipping in the third quarter worth $278,000. 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.