Diana Shipping Inc. (NYSE:DSX) Given Consensus Rating of “Hold” by Brokerages

Shares of Diana Shipping Inc. (NYSE:DSXGet Rating) have received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.50.

A number of equities research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Diana Shipping in a research report on Wednesday, April 27th. They issued a “hold” rating on the stock. TheStreet raised Diana Shipping from a “d+” rating to a “c-” rating in a research report on Tuesday, March 1st. Clarkson Capital reaffirmed a “buy” rating on shares of Diana Shipping in a research report on Tuesday, June 14th. Finally, StockNews.com lowered Diana Shipping from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th.

DSX opened at $4.69 on Thursday. The stock’s 50-day moving average price is $5.44 and its 200 day moving average price is $4.72. Diana Shipping has a 12-month low of $3.31 and a 12-month high of $6.89. The company has a current ratio of 1.93, a quick ratio of 1.84 and a debt-to-equity ratio of 1.15. The firm has a market cap of $429.30 million, a price-to-earnings ratio of 4.84 and a beta of 1.00.

Diana Shipping (NYSE:DSXGet Rating) last posted its quarterly earnings results on Tuesday, May 24th. The shipping company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Diana Shipping had a return on equity of 17.10% and a net margin of 35.44%. During the same period last year, the company posted ($0.03) EPS. On average, research analysts forecast that Diana Shipping will post 1.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Monday, June 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 21.32%. The ex-dividend date of this dividend was Friday, June 3rd. This is a positive change from Diana Shipping’s previous quarterly dividend of $0.20. Diana Shipping’s dividend payout ratio (DPR) is 103.09%.

Several hedge funds and other institutional investors have recently modified their holdings of DSX. Advisor Group Holdings Inc. raised its position in shares of Diana Shipping by 66.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 14,102 shares of the shipping company’s stock worth $81,000 after acquiring an additional 5,615 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Diana Shipping by 9.7% during the 3rd quarter. Renaissance Technologies LLC now owns 1,429,419 shares of the shipping company’s stock worth $8,176,000 after acquiring an additional 126,400 shares in the last quarter. GSA Capital Partners LLP grew its stake in Diana Shipping by 170.9% during the 3rd quarter. GSA Capital Partners LLP now owns 43,078 shares of the shipping company’s stock worth $246,000 after buying an additional 27,178 shares during the last quarter. Millennium Management LLC grew its stake in Diana Shipping by 179.9% during the 3rd quarter. Millennium Management LLC now owns 796,616 shares of the shipping company’s stock worth $4,557,000 after buying an additional 511,965 shares during the last quarter. Finally, Toroso Investments LLC purchased a new position in Diana Shipping during the 3rd quarter worth approximately $62,000. 36.88% of the stock is currently owned by institutional investors and hedge funds.

About Diana Shipping (Get Rating)

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 April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.

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