Diana Shipping (NYSE:DSX) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Diana Shipping inc. (NYSE:DSX)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.47 and traded as high as $3.03. Diana Shipping shares last traded at $2.9850, with a volume of 1,723,517 shares trading hands.

Analyst Upgrades and Downgrades

DSX has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Diana Shipping in a report on Monday, July 20th. Wall Street Zen raised shares of Diana Shipping from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Diana Shipping has a consensus rating of “Hold”.

Diana Shipping Stock Performance

The company has a market capitalization of $382.56 million, a price-to-earnings ratio of 6.41 and a beta of 0.51. The company has a current ratio of 2.05, a quick ratio of 2.01 and a debt-to-equity ratio of 0.92. The stock has a 50-day simple moving average of $2.53 and a 200-day simple moving average of $2.47.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Friday, July 31st. The shipping company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. Diana Shipping had a net margin of 27.88% and a return on equity of 7.55%. The business had revenue of $57.29 million during the quarter, compared to analyst estimates of $54.60 million.

Diana Shipping Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 21st. Diana Shipping’s dividend payout ratio is 8.33%.

Hedge Funds Weigh In On Diana Shipping

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Diana Shipping by 71.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after buying an additional 4,550 shares during the period. Blue Trust Inc. raised its stake in Diana Shipping by 159.0% during the first quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock worth $32,000 after acquiring an additional 7,881 shares during the period. Cetera Investment Advisers bought a new position in Diana Shipping in the first quarter worth about $26,000. BlackRock Inc. acquired a new position in Diana Shipping in the second quarter valued at approximately $47,000. Finally, Lazard Asset Management LLC acquired a new position in Diana Shipping in the first quarter valued at approximately $98,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping Company Profile

Diana Shipping Inc (NYSE: DSX) is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major commodities, including iron ore, grain, and coal, as well as other dry bulk cargoes used in international trade.

The company’s vessels primarily operate under time charter and voyage charter arrangements with customers around the world. Diana Shipping serves a broad range of international trade routes, connecting commodity producers, exporters, and importers across the major shipping regions.

Founded in 1999, Diana Shipping is headquartered in Athens, Greece, and has been listed on the New York Stock Exchange since 2005.