WINTON GROUP Ltd Has $99,000 Stock Position in Diana Shipping Inc. (NYSE:DSX)

WINTON GROUP Ltd trimmed its position in Diana Shipping Inc. (NYSE:DSX) by 87.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,656 shares of the shipping company’s stock after selling 236,264 shares during the quarter. WINTON GROUP Ltd’s holdings in Diana Shipping were worth $99,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jump Financial LLC purchased a new stake in shares of Diana Shipping in the fourth quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Diana Shipping in the fourth quarter worth approximately $48,000. Acadian Asset Management LLC purchased a new stake in shares of Diana Shipping in the first quarter worth approximately $385,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of Diana Shipping in the first quarter worth approximately $53,000. Finally, Tidal Investments LLC lifted its position in shares of Diana Shipping by 14.8% in the first quarter. Tidal Investments LLC now owns 47,882 shares of the shipping company’s stock worth $138,000 after purchasing an additional 6,158 shares in the last quarter. 48.68% of the stock is owned by hedge funds and other institutional investors.

Diana Shipping Price Performance

Shares of DSX opened at $2.40 on Thursday. The firm has a market cap of $299.59 million, a PE ratio of 10.89 and a beta of 1.15. The firm’s 50 day moving average price is $2.53 and its 200 day moving average price is $2.81. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.08 and a current ratio of 2.14. Diana Shipping Inc. has a twelve month low of $2.14 and a twelve month high of $3.57.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings data on Wednesday, July 31st. The shipping company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $52.86 million for the quarter, compared to the consensus estimate of $58.55 million. Diana Shipping had a net margin of 6.81% and a return on equity of 5.34%.

Diana Shipping Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 12.53%. The ex-dividend date of this dividend was Thursday, August 15th. Diana Shipping’s payout ratio is 136.36%.

Analysts Set New Price Targets

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

Diana Shipping 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.