Diana Shipping (NYSE:DSX) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Diana Shipping inc. (NYSE:DSX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.13 and traded as high as $2.77. Diana Shipping shares last traded at $2.6920, with a volume of 960,113 shares.

Wall Street Analysts Forecast Growth

DSX has been the topic of several recent analyst reports. Weiss Ratings upgraded Diana Shipping from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Diana Shipping from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Diana Shipping Stock Down 1.0%

The firm has a 50-day simple moving average of $2.50 and a 200 day simple moving average of $2.13. The stock has a market capitalization of $332.57 million, a P/E ratio of 24.47 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.73 and a quick ratio of 2.69.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.02 earnings per share 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 1.5%. Diana Shipping’s payout ratio is currently 36.36%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in Diana Shipping by 159.0% during the 1st quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock worth $32,000 after buying an additional 7,881 shares during the period. Mercuria Capital Strategies LLC acquired a new stake in shares of Diana Shipping in the fourth quarter valued at about $88,000. Virtu Financial LLC acquired a new stake in shares of Diana Shipping in the fourth quarter valued at about $112,000. Goldman Sachs Group Inc. raised its position in shares of Diana Shipping by 66.8% during the fourth 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 last quarter. Finally, Two Sigma Investments LP raised its position in shares of Diana Shipping by 407.4% during the third quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after acquiring an additional 64,784 shares during the last quarter. 48.68% of the stock is owned by 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.