Pekin Hardy Strauss Inc. Raises Stake in Diana Shipping inc. $DSX
by Amy Steele · The Cerbat GemPekin Hardy Strauss Inc. boosted its position in shares of Diana Shipping inc. (NYSE:DSX – Free Report) by 17.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,841,710 shares of the shipping company’s stock after acquiring an additional 417,275 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Diana Shipping were worth $4,149,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of DSX. R Squared Ltd lifted its position in shares of Diana Shipping by 117.1% during the 2nd quarter. R Squared Ltd now owns 35,600 shares of the shipping company’s stock worth $52,000 after purchasing an additional 19,205 shares during the last quarter. Vident Advisory LLC raised its stake in Diana Shipping by 213.5% in the first quarter. Vident Advisory LLC now owns 459,051 shares of the shipping company’s stock valued at $716,000 after buying an additional 312,603 shares in the last quarter. State of Wyoming acquired a new position in shares of Diana Shipping during the 1st quarter worth about $44,000. Virtu Financial LLC acquired a new stake in shares of Diana Shipping during the 1st quarter worth about $33,000. Finally, Blair William & Co. IL purchased a new stake in Diana Shipping during the first quarter worth approximately $78,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.
Diana Shipping Stock Performance
NYSE DSX opened at $1.65 on Friday. The firm has a market cap of $190.45 million, a P/E ratio of 27.42 and a beta of 0.81. Diana Shipping inc. has a 52-week low of $1.27 and a 52-week high of $2.30. The business’s 50-day moving average price is $1.74 and its 200 day moving average price is $1.61. The company has a quick ratio of 2.24, a current ratio of 2.29 and a debt-to-equity ratio of 1.13.
Analyst Ratings Changes
Several brokerages have commented on DSX. Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Diana Shipping from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on DSX
Diana Shipping Profile
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.
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