Diana Shipping (NYSE:DSX) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Diana Shipping (NYSE:DSX) posted its quarterly earnings results on Thursday. The shipping company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04, Zacks reports. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%.

Diana Shipping Stock Down 7.2%

Shares of NYSE DSX opened at $2.53 on Thursday. Diana Shipping has a 1 year low of $1.38 and a 1 year high of $2.91. The firm’s 50 day moving average price is $2.56 and its 200 day moving average price is $2.23. The firm has a market cap of $311.94 million, a P/E ratio of 22.96 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.69 and a current ratio of 2.73.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DSX. Weiss Ratings upgraded shares of Diana Shipping from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 22nd. Wall Street Zen lowered shares of Diana Shipping from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Trading of Diana Shipping

Several institutional investors have recently made changes to their positions in DSX. Renaissance Technologies LLC grew its stake in shares of Diana Shipping by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,361,713 shares of the shipping company’s stock valued at $3,920,000 after buying an additional 246,300 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Diana Shipping during the 4th quarter valued at $300,000. Squarepoint Ops LLC purchased a new stake in shares of Diana Shipping during the 3rd quarter valued at $278,000. Virtu Financial LLC purchased a new stake in shares of Diana Shipping during the 4th quarter valued at $112,000. Finally, XTX Topco Ltd grew its stake in shares of Diana Shipping by 84.1% during the 4th quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company’s stock valued at $241,000 after buying an additional 66,212 shares during the period. 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.