Diana Shipping (NYSE:DSX) Upgraded at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen upgraded shares of Diana Shipping (NYSE:DSX – Free Report) from a hold rating to a buy rating in a research note released on Saturday.
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Diana Shipping in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
View Our Latest Analysis on Diana Shipping
Diana Shipping Price Performance
Shares of Diana Shipping stock opened at $2.59 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.73 and a debt-to-equity ratio of 1.15. Diana Shipping has a twelve month low of $1.38 and a twelve month high of $2.71. The business has a 50-day moving average price of $2.48 and a 200 day moving average price of $2.07. The firm has a market cap of $299.32 million, a PE ratio of 23.50 and a beta of 0.66.
Diana Shipping (NYSE:DSX – Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.02 earnings per share for the quarter. Diana Shipping had a return on equity of 3.60% and a net margin of 8.35%.The firm had revenue of $52.05 million during the quarter.
Diana Shipping Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, March 11th. Diana Shipping’s payout ratio is 36.36%.
Institutional Investors Weigh In On Diana Shipping
Large investors have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Diana Shipping by 159.0% during the 1st 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. CHICAGO TRUST Co NA purchased a new stake in Diana Shipping during the 3rd quarter worth approximately $72,000. Mercuria Capital Strategies LLC purchased a new stake in Diana Shipping during the 4th quarter worth approximately $88,000. Virtu Financial LLC purchased a new stake in Diana Shipping during the 4th quarter worth approximately $112,000. Finally, Goldman Sachs Group Inc. increased its stake in Diana Shipping by 66.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock worth $118,000 after buying an additional 28,384 shares in the last quarter. 48.68% of the stock is currently owned by hedge funds and other institutional investors.
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.