Diana Shipping (NYSE:DSX) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Diana Shipping inc. (NYSE:DSX)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $2.53 and traded as high as $2.62. Diana Shipping shares last traded at $2.5560, with a volume of 1,202,523 shares.

Wall Street Analyst Weigh In

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

Diana Shipping Trading Down 2.5%

The firm has a fifty day moving average of $2.79 and a two-hundred day moving average of $2.53. The company has a market cap of $310.40 million, a PE ratio of 5.20 and a beta of 0.59. The company has a current ratio of 2.05, a quick ratio of 2.01 and a debt-to-equity ratio of 0.92.

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

Diana Shipping Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were paid a $0.01 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.6%. Diana Shipping’s dividend payout ratio (DPR) is presently 8.33%.

Institutional Trading of Diana Shipping

Several hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in Diana Shipping by 586.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 484,951 shares of the shipping company’s stock worth $1,212,000 after buying an additional 414,280 shares during the period. Renaissance Technologies LLC grew its stake in Diana Shipping by 26.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,984,213 shares of the shipping company’s stock valued at $7,461,000 after buying an additional 622,500 shares in the last quarter. Walleye Capital LLC bought a new stake in Diana Shipping during the 1st quarter valued at $1,509,000. GSA Capital Partners LLP bought a new stake in Diana Shipping during the 2nd quarter valued at $763,000. Finally, Bank of America Corp DE raised 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 acquiring an additional 251,913 shares during the period. Institutional investors own 48.68% of the company’s stock.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major commodities, including iron ore, grain and coal, as well as other bulk cargoes used in international trade. The company’s vessels serve customers and routes across global markets.

Diana Shipping’s fleet has historically included Capesize, Kamsarmax, Panamax and Ultramax vessels. The company generally employs its ships through time charter agreements, under which vessels are leased to customers for specified periods, as well as through other commercial arrangements.

Founded in 1999, Diana Shipping is incorporated in the Marshall Islands and operates from Greece, a major international center for shipping.