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Diana Shipping (NYSE:DSX) Stock Passes Above 200 Day Moving Average of $4.74

Diana Shipping Inc. (NYSE:DSXGet Rating)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.74 and traded as high as $4.86. Diana Shipping shares last traded at $4.79, with a volume of 880,616 shares changing hands.

Several equities research analysts recently commented on the stock. downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Clarkson Capital reaffirmed a “buy” rating on shares of Diana Shipping in a research note on Tuesday, June 14th. Finally, Jefferies Financial Group started coverage on shares of Diana Shipping in a research note on Wednesday, April 27th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.25.

The firm has a market capitalization of $438.45 million, a P/E ratio of 4.94 and a beta of 1.00. The company has a fifty day moving average of $5.38 and a 200 day moving average of $4.74. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.93 and a quick ratio of 1.84.

Diana Shipping (NYSE:DSXGet Rating) last posted its quarterly earnings data on Tuesday, May 24th. The shipping company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Diana Shipping had a net margin of 35.44% and a return on equity of 17.10%. During the same period last year, the company posted ($0.03) EPS. On average, sell-side analysts forecast that Diana Shipping Inc. will post 1.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Monday, June 6th were issued a dividend of $0.25 per share. This is an increase from Diana Shipping’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 20.88%. The ex-dividend date was Friday, June 3rd. Diana Shipping’s dividend payout ratio (DPR) is presently 103.09%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC boosted its stake in Diana Shipping by 77.2% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 6,764 shares of the shipping company’s stock worth $26,000 after acquiring an additional 2,946 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Diana Shipping during the 1st quarter worth about $27,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Diana Shipping during the 4th quarter worth about $42,000. Lazard Asset Management LLC acquired a new stake in shares of Diana Shipping in the 4th quarter valued at about $51,000. Finally, GSA Capital Partners LLP bought a new stake in Diana Shipping in the 1st quarter valued at about $56,000. 36.88% of the stock is owned by institutional investors and hedge funds.

Diana Shipping Company Profile (NYSE:DSX)

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 April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.

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