Diana Shipping (NYSE:DSX) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Diana Shipping inc. (NYSE:DSX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.97 and traded as high as $2.47. Diana Shipping shares last traded at $2.4150, with a volume of 718,566 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Diana Shipping presently has an average rating of “Sell”.

Diana Shipping Stock Performance

The company has a debt-to-equity ratio of 1.15, a current ratio of 2.73 and a quick ratio of 2.69. The firm has a market capitalization of $286.58 million, a PE ratio of 22.50 and a beta of 0.64. The company’s fifty day simple moving average is $2.37 and its 200 day simple moving average is $1.98.

Diana Shipping (NYSE:DSX) last posted its earnings results on Thursday, February 26th. The shipping company reported $0.02 earnings per share for the quarter. The firm had revenue of $52.10 million during the quarter, compared to the consensus estimate of $52.00 million. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%.

Diana Shipping Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 11th. Diana Shipping’s dividend payout ratio (DPR) is presently 36.36%.

Institutional Trading of Diana Shipping

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CHICAGO TRUST Co NA purchased a new position in Diana Shipping during the 3rd quarter valued at about $72,000. Mercuria Capital Strategies LLC bought a new stake in Diana Shipping during the 4th quarter worth approximately $88,000. Virtu Financial LLC purchased a new stake in Diana Shipping in the 4th quarter worth approximately $112,000. Goldman Sachs Group Inc. boosted its holdings in Diana Shipping by 66.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock valued at $118,000 after purchasing an additional 28,384 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Diana Shipping by 407.4% during the 3rd 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. 48.68% of the stock is currently owned by 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.