D. E. Shaw & Co. Inc. raised its holdings in Diana Shipping Inc (NYSE:DSX) by 8.7% during the 4th quarter, Holdings Channel reports. The fund owned 89,988 shares of the shipping company’s stock after buying an additional 7,174 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Diana Shipping were worth $286,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wiley BROS. Aintree Capital LLC bought a new position in Diana Shipping in the 4th quarter valued at $32,000. HHM Wealth Advisors LLC bought a new position in Diana Shipping in the 4th quarter valued at $41,000. Virtu Financial LLC grew its position in Diana Shipping by 28.2% in the 4th quarter. Virtu Financial LLC now owns 20,790 shares of the shipping company’s stock valued at $66,000 after acquiring an additional 4,569 shares during the last quarter. JPMorgan Chase & Co. grew its position in Diana Shipping by 14.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 265,921 shares of the shipping company’s stock valued at $1,095,000 after acquiring an additional 33,661 shares during the last quarter. Finally, Ruffer LLP grew its position in Diana Shipping by 29.3% in the 4th quarter. Ruffer LLP now owns 573,887 shares of the shipping company’s stock valued at $1,828,000 after acquiring an additional 130,000 shares during the last quarter. 34.42% of the stock is currently owned by institutional investors.

Shares of Diana Shipping stock opened at $3.21 on Tuesday. The firm has a market capitalization of $330.07 million, a price-to-earnings ratio of 32.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.13. Diana Shipping Inc has a 52 week low of $2.41 and a 52 week high of $5.16.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings data on Tuesday, February 26th. The shipping company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.06). The business had revenue of $62.87 million during the quarter, compared to the consensus estimate of $60.44 million. Diana Shipping had a net margin of 7.39% and a return on equity of 2.64%. The business’s revenue was up 28.5% compared to the same quarter last year. During the same period last year, the company earned ($4.28) EPS. On average, equities analysts expect that Diana Shipping Inc will post 0.17 EPS for the current fiscal year.

Several equities analysts have commented on DSX shares. Morgan Stanley set a $4.00 price objective on Diana Shipping and gave the company a “hold” rating in a research report on Friday, February 15th. Zacks Investment Research downgraded Diana Shipping from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 28th. Finally, Pareto Securities downgraded Diana Shipping from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th.

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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 through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

Further Reading: SEC Filing

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Institutional Ownership by Quarter for Diana Shipping (NYSE:DSX)

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