Diana Shipping (NYSE:DSX) Stock Rating Upgraded by StockNews.com

Diana Shipping (NYSE:DSX) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Diana Shipping Stock Performance

Shares of DSX opened at $1.75 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $218.39 million, a P/E ratio of 58.19 and a beta of 1.16. The firm’s fifty day simple moving average is $2.30 and its two-hundred day simple moving average is $2.58. Diana Shipping has a 12 month low of $1.73 and a 12 month high of $3.48.

Hedge Funds Weigh In On Diana Shipping

Several institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC raised its holdings in shares of Diana Shipping by 14.8% during the first quarter. Tidal Investments LLC now owns 47,882 shares of the shipping company’s stock valued at $138,000 after purchasing an additional 6,158 shares during the period. Colonial River Wealth Management LLC raised its holdings in shares of Diana Shipping by 47.2% during the second quarter. Colonial River Wealth Management LLC now owns 26,032 shares of the shipping company’s stock valued at $74,000 after purchasing an additional 8,350 shares during the period. Scott & Selber Inc. acquired a new position in shares of Diana Shipping during the second quarter valued at about $30,000. Choreo LLC acquired a new position in shares of Diana Shipping during the second quarter valued at about $38,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Diana Shipping during the second quarter valued at about $38,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

About Diana Shipping

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.