Diana Shipping (NYSE:DSX) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Diana Shipping inc. (NYSE:DSX) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.29 and traded as high as $2.43. Diana Shipping shares last traded at $2.3150, with a volume of 444,276 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Diana Shipping from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings raised shares of Diana Shipping from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Diana Shipping presently has an average rating of “Hold”.

Diana Shipping Stock Performance

The company has a debt-to-equity ratio of 1.17, a current ratio of 2.73 and a quick ratio of 2.69. The business has a 50-day simple moving average of $2.52 and a 200-day simple moving average of $2.30. The firm has a market capitalization of $261.12 million, a PE ratio of 6.00 and a beta of 0.51.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings data on Saturday, February 14th. The shipping company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $52.05 million during the quarter. Diana Shipping had a return on equity of 4.56% and a net margin of 20.61%.

Diana Shipping Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, June 10th will be given a $0.01 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.04 dividend on an annualized basis and a yield of 1.9%. Diana Shipping’s dividend payout ratio (DPR) is currently 11.43%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Diana Shipping by 26.4% in the first quarter. Renaissance Technologies LLC now owns 2,984,213 shares of the shipping company’s stock valued at $7,461,000 after acquiring an additional 622,500 shares during the period. Walleye Capital LLC purchased a new position in shares of Diana Shipping during the 1st quarter worth about $1,509,000. First Eagle Investment Management LLC purchased a new position in shares of Diana Shipping during the 4th quarter worth about $775,000. Arrowstreet Capital Limited Partnership grew its holdings in Diana Shipping by 586.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 484,951 shares of the shipping company’s stock valued at $1,212,000 after purchasing an additional 414,280 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Diana Shipping by 37,938.7% during the 1st quarter. Bank of America Corp DE now owns 252,577 shares of the shipping company’s stock valued at $631,000 after purchasing an additional 251,913 shares during the last quarter. Institutional investors own 48.68% of the company’s stock.

About Diana Shipping

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.