90,000 Shares in Diana Shipping Inc. (NYSE:DSX) Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. purchased a new stake in shares of Diana Shipping Inc. (NYSE:DSX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 90,000 shares of the shipping company’s stock, valued at approximately $257,000. B. Riley Wealth Advisors Inc. owned approximately 0.07% of Diana Shipping at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Diana Shipping during the first quarter valued at about $385,000. Tidal Investments LLC raised its stake in Diana Shipping by 14.8% during the 1st quarter. Tidal Investments LLC now owns 47,882 shares of the shipping company’s stock valued at $138,000 after purchasing an additional 6,158 shares during the period. Bright Futures Wealth Management LLC. bought a new position in Diana Shipping in the 1st quarter worth approximately $53,000. Colonial River Wealth Management LLC boosted its stake in Diana Shipping by 47.2% in the 2nd quarter. Colonial River Wealth Management LLC now owns 26,032 shares of the shipping company’s stock worth $74,000 after purchasing an additional 8,350 shares during the period. Finally, Scott & Selber Inc. purchased a new stake in Diana Shipping during the 2nd quarter valued at approximately $30,000. 48.68% of the stock is currently owned by institutional investors.

Diana Shipping Price Performance

Shares of NYSE:DSX opened at $2.48 on Wednesday. The firm has a market cap of $309.60 million, a price-to-earnings ratio of 11.25 and a beta of 1.15. The firm has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.76. Diana Shipping Inc. has a fifty-two week low of $2.14 and a fifty-two week high of $3.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.04 and a current ratio of 2.10.

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

Diana Shipping Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 12.12%. The ex-dividend date of this dividend was Thursday, August 15th. Diana Shipping’s payout ratio is 136.36%.

About Diana Shipping

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.