Diana Shipping (NYSE:DSX) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Diana Shipping inc. (NYSE:DSX) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.69 and traded as high as $1.72. Diana Shipping shares last traded at $1.6950, with a volume of 544,520 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on DSX. Weiss Ratings restated a “sell (d)” rating on shares of Diana Shipping in a research note on Wednesday, October 8th. Wall Street Zen upgraded Diana Shipping from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Diana Shipping currently has a consensus rating of “Sell”.

Diana Shipping Stock Down 2.9%

The company has a current ratio of 2.29, a quick ratio of 2.24 and a debt-to-equity ratio of 1.30. The firm has a market cap of $192.21 million, a P/E ratio of 15.09 and a beta of 0.69. The stock’s fifty day moving average is $1.76 and its two-hundred day moving average is $1.69.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Thursday, November 20th. The shipping company reported $0.05 earnings per share for the quarter. The firm had revenue of $51.90 million for the quarter, compared to analysts’ expectations of $57.00 million. Diana Shipping had a net margin of 11.18% and a return on equity of 4.93%.

Diana Shipping Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 8th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, December 8th. Diana Shipping’s dividend payout ratio (DPR) is 36.36%.

Institutional Investors Weigh In On Diana Shipping

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming purchased a new position in Diana Shipping in the 1st quarter worth approximately $44,000. R Squared Ltd grew its position in Diana Shipping by 117.1% in the second quarter. R Squared Ltd now owns 35,600 shares of the shipping company’s stock worth $52,000 after acquiring an additional 19,205 shares in the last quarter. CHICAGO TRUST Co NA bought a new position in Diana Shipping in the third quarter valued at $72,000. Two Sigma Investments LP raised its position in Diana Shipping by 407.4% during the third quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock valued at $136,000 after purchasing an additional 64,784 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Diana Shipping during the third quarter valued at about $278,000. 48.68% of the stock is owned by hedge funds and other institutional investors.

Diana Shipping Company Profile

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.