Diana Shipping (NYSE:DSX) Shares Cross Above 200 Day Moving Average – What’s Next?

Diana Shipping inc. (NYSE:DSX)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.41 and traded as high as $2.69. Diana Shipping shares last traded at $2.6450, with a volume of 485,229 shares traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on DSX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diana Shipping in a research note on Monday, July 20th. Wall Street Zen upgraded Diana Shipping from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Diana Shipping Stock Up 2.6%

The company has a market cap of $338.41 million, a P/E ratio of 5.67 and a beta of 0.51. The company has a quick ratio of 2.01, a current ratio of 2.05 and a debt-to-equity ratio of 0.92. The company has a fifty day moving average of $2.26 and a 200 day moving average of $2.41.

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

Diana Shipping Dividend Announcement

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

Institutional Investors Weigh In On Diana Shipping

Several large investors have recently made changes to their positions in DSX. Cetera Investment Advisers purchased a new position in shares of Diana Shipping in the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its stake in Diana Shipping by 71.2% during the first quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock worth $27,000 after buying an additional 4,550 shares during the period. Blue Trust Inc. increased its position in Diana Shipping by 159.0% during the first quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 7,881 shares during the last quarter. BlackRock Inc. bought a new position in Diana Shipping during the second quarter valued at $47,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Diana Shipping in the first quarter valued at $98,000. 48.68% of the stock is owned by 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.