Diana Shipping Inc. (NYSE:DSX – Get Rating) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,750,000 shares, a growth of 19.0% from the March 31st total of 1,470,000 shares. Based on an average daily volume of 907,500 shares, the short-interest ratio is currently 1.9 days. Approximately 2.9% of the company’s stock are short sold.
Several institutional investors and hedge funds have recently modified their holdings of DSX. Counterpoint Mutual Funds LLC grew its stake in shares of Diana Shipping by 77.2% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 6,764 shares of the shipping company’s stock valued at $26,000 after acquiring an additional 2,946 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Diana Shipping during the fourth quarter worth about $42,000. Cetera Investment Advisers acquired a new stake in Diana Shipping during the fourth quarter worth about $42,000. BNP Paribas Arbitrage SA acquired a new stake in Diana Shipping during the fourth quarter worth about $50,000. Finally, Lazard Asset Management LLC bought a new position in shares of Diana Shipping in the fourth quarter worth about $51,000. 36.88% of the stock is currently owned by institutional investors.
Shares of NYSE DSX opened at $5.13 on Wednesday. The stock has a market cap of $469.57 million, a P/E ratio of 8.14 and a beta of 1.03. Diana Shipping has a 52-week low of $3.31 and a 52-week high of $6.36. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.84 and a current ratio of 1.93. The firm has a 50 day moving average price of $4.96 and a 200 day moving average price of $4.48.
Diana Shipping (NYSE:DSX – Get Rating) last announced its quarterly earnings data on Friday, February 25th. The shipping company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The business had revenue of $68.02 million for the quarter, compared to analyst estimates of $65.81 million. Diana Shipping had a net margin of 26.79% and a return on equity of 10.32%. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Analysts predict that Diana Shipping will post 1.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Wednesday, March 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 15.59%. The ex-dividend date was Tuesday, March 8th. Diana Shipping’s payout ratio is presently 126.99%.
A number of brokerages recently commented on DSX. TheStreet raised shares of Diana Shipping from a “d+” rating to a “c-” rating in a research report on Tuesday, March 1st. Zacks Investment Research upgraded shares of Diana Shipping from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 1st. Jefferies Financial Group started coverage on shares of Diana Shipping in a research report on Wednesday, April 27th. They issued a “hold” rating on the stock. Finally, StockNews.com started coverage on shares of Diana Shipping in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.63.
About Diana Shipping (Get Rating)
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 February 16, 2022, it operated a fleet of 34 dry bulk vessels, including 4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.
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