12,837 Shares in Diana Shipping Inc. (NYSE:DSX) Purchased by Choreo LLC

Choreo LLC acquired a new position in shares of Diana Shipping Inc. (NYSE:DSX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,837 shares of the shipping company’s stock, valued at approximately $38,000.

Several other hedge funds have also bought and sold shares of the business. Tidal Investments LLC boosted its stake in Diana Shipping by 14.8% during the first quarter. Tidal Investments LLC now owns 47,882 shares of the shipping company’s stock worth $138,000 after acquiring an additional 6,158 shares in the last quarter. Colonial River Wealth Management LLC boosted its stake in 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 worth $74,000 after acquiring an additional 8,350 shares in the last quarter. Jump Financial LLC bought a new stake in Diana Shipping during the fourth quarter worth about $31,000. Scott & Selber Inc. bought a new stake in Diana Shipping during the second quarter worth about $30,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Diana Shipping during the fourth quarter worth about $48,000. Institutional investors own 48.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Diana Shipping Trading Down 1.2 %

Shares of NYSE DSX opened at $2.41 on Friday. The firm’s 50 day moving average price is $2.51 and its 200-day moving average price is $2.80. The company has a market cap of $301.46 million, a PE ratio of 10.95 and a beta of 1.15. Diana Shipping Inc. has a 52-week low of $2.14 and a 52-week high of $3.57. 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 (NYSE:DSX) last issued its earnings results on Wednesday, July 31st. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $52.86 million during the quarter, compared to the consensus estimate of $58.55 million. Diana Shipping had a return on equity of 5.34% and a net margin of 6.81%.

Diana Shipping Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.075 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.30 annualized dividend and a dividend yield of 12.45%. Diana Shipping’s dividend payout ratio is presently 136.36%.

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.