Diana Shipping (NYSE:DSX) Stock Passes Above 200 Day Moving Average of $2.89

Diana Shipping Inc. (NYSE:DSX) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.89 and traded as high as $2.97. Diana Shipping shares last traded at $2.94, with a volume of 412,168 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Diana Shipping in a report on Tuesday, February 6th. They issued a “hold” rating for the company.

Diana Shipping Trading Down 1.2 %

The company has a quick ratio of 2.08, a current ratio of 2.14 and a debt-to-equity ratio of 1.19. The firm has a market cap of $331.85 million, a price-to-earnings ratio of 6.83 and a beta of 1.20. The business’s fifty day moving average is $2.94 and its two-hundred day moving average is $2.89.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Friday, February 23rd. The shipping company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Diana Shipping had a net margin of 19.02% and a return on equity of 10.34%. The business had revenue of $56.69 million during the quarter, compared to analyst estimates of $61.02 million. Equities analysts anticipate that Diana Shipping Inc. will post 0.28 earnings per share for the current fiscal year.

Diana Shipping Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were paid a $0.075 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.30 dividend on an annualized basis and a yield of 10.22%. Diana Shipping’s payout ratio is presently 69.77%.

Hedge Funds Weigh In On Diana Shipping

Hedge funds and other institutional investors have recently bought and sold shares of the business. Scott & Selber Inc. bought a new position in Diana Shipping in the third quarter valued at approximately $35,000. Jump Financial LLC bought a new position in shares of Diana Shipping during the fourth quarter worth $31,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Diana Shipping during the fourth quarter worth $48,000. Colonial River Wealth Management LLC bought a new position in shares of Diana Shipping during the fourth quarter worth $53,000. Finally, Kestra Advisory Services LLC boosted its position in shares of Diana Shipping by 52.4% during the third quarter. Kestra Advisory Services LLC now owns 31,151 shares of the shipping company’s stock worth $108,000 after purchasing an additional 10,709 shares in the last quarter. 48.68% of the stock is owned by institutional investors.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.