GSA Capital Partners LLP Buys New Stake in Diana Shipping Inc. (NYSE:DSX)

GSA Capital Partners LLP purchased a new stake in shares of Diana Shipping Inc. (NYSE:DSX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 68,293 shares of the shipping company’s stock, valued at approximately $176,000. GSA Capital Partners LLP owned approximately 0.05% of Diana Shipping as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in shares of Diana Shipping in the 1st quarter worth about $385,000. Tidal Investments LLC increased 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 during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in Diana Shipping during the first quarter valued at approximately $53,000. Colonial River Wealth Management LLC lifted its stake in shares of 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 valued at $74,000 after purchasing an additional 8,350 shares during the last quarter. Finally, Scott & Selber Inc. purchased a new position in shares of Diana Shipping in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 48.68% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Diana Shipping from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Diana Shipping Stock Performance

Diana Shipping stock opened at $2.14 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.10 and a quick ratio of 2.04. The firm has a market capitalization of $267.83 million, a P/E ratio of 23.78 and a beta of 1.16. Diana Shipping Inc. has a 1-year low of $2.07 and a 1-year high of $3.53. The company’s 50-day moving average is $2.34 and its 200 day moving average is $2.61.

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.