GSA Capital Partners LLP Makes New Investment in Diana Shipping inc. $DSX

GSA Capital Partners LLP acquired a new position in Diana Shipping inc. (NYSE:DSX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 363,543 shares of the shipping company’s stock, valued at approximately $763,000.

Several other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Diana Shipping by 71.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after buying an additional 4,550 shares in the last quarter. Blue Trust Inc. boosted its stake in Diana Shipping by 159.0% in the first quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock worth $32,000 after buying an additional 7,881 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Diana Shipping in the first quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in Diana Shipping by 3.2% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 668,660 shares of the shipping company’s stock valued at $1,110,000 after acquiring an additional 20,943 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Diana Shipping by 66.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock valued at $118,000 after acquiring an additional 28,384 shares during the last quarter. 48.68% of the stock is currently owned by institutional investors.

Diana Shipping Price Performance

DSX opened at $2.65 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.01 and a current ratio of 2.05. Diana Shipping inc. has a 52-week low of $1.54 and a 52-week high of $2.91. The stock has a market capitalization of $329.06 million, a PE ratio of 5.51 and a beta of 0.51. The stock’s 50 day moving average price is $2.26 and its 200-day moving average price is $2.41.

Diana Shipping (NYSE:DSX) last announced its earnings results on Friday, July 31st. The shipping company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. Diana Shipping had a return on equity of 7.55% and a net margin of 27.88%.The company had revenue of $57.29 million during the quarter, compared to the consensus estimate of $54.60 million.

Diana Shipping Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. Diana Shipping’s dividend payout ratio (DPR) is currently 8.33%.

Analyst Upgrades and Downgrades

Several research firms have commented on DSX. Weiss Ratings reissued a “hold (c-)” rating on shares of Diana Shipping in a research note on Monday, July 20th. Wall Street Zen raised shares of Diana Shipping from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

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.