Diana Shipping (NYSE:DSX) Stock Passes Above Two Hundred Day Moving Average of $2.97

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 $2.97 and traded as high as $2.97. Diana Shipping shares last traded at $2.93, with a volume of 171,601 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “hold” rating and set a $3.00 price objective on shares of Diana Shipping in a research report on Tuesday, May 28th.

Diana Shipping Trading Up 0.3 %

The firm’s 50 day moving average is $2.99 and its 200 day moving average is $2.97. The company has a market capitalization of $331.28 million, a PE ratio of 13.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.14 and a quick ratio of 2.08.

Diana Shipping (NYSE:DSX) last posted its earnings results on Tuesday, May 28th. The shipping company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $54.38 million during the quarter. Diana Shipping had a net margin of 11.81% and a return on equity of 7.06%. As a group, equities analysts predict that Diana Shipping Inc. will post 0.28 EPS for the current year.

Diana Shipping Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Wednesday, June 12th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 10.24%. Diana Shipping’s dividend payout ratio is currently 136.36%.

Hedge Funds Weigh In On Diana Shipping

A number of hedge funds have recently added to or reduced their stakes in DSX. Jump Financial LLC purchased a new stake in shares of Diana Shipping during the 4th quarter valued at about $31,000. Dynamic Technology Lab Private Ltd bought a new stake in Diana Shipping during the fourth quarter worth approximately $48,000. Colonial River Wealth Management LLC bought a new stake in Diana Shipping in the fourth quarter worth about $53,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of Diana Shipping during the first quarter valued at $53,000. Finally, Kestra Advisory Services LLC increased 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 acquiring an additional 10,709 shares during the period. 48.68% of the stock is currently owned by hedge funds and other 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.