Diana Shipping (NYSE:DSX) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Diana Shipping (NYSE:DSX) from a sell rating to a hold rating in a report published on Tuesday morning.

Diana Shipping Stock Down 3.9 %

Shares of DSX stock opened at $1.74 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.11. Diana Shipping has a 1 year low of $1.73 and a 1 year high of $3.48. The firm’s fifty day moving average price is $2.29 and its two-hundred day moving average price is $2.58. The firm has a market capitalization of $217.77 million, a P/E ratio of 58.00 and a beta of 1.16.

Diana Shipping Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $0.04 annualized dividend and a yield of 2.30%. Diana Shipping’s payout ratio is currently 133.33%.

Institutional Investors Weigh In On Diana Shipping

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scott & Selber Inc. bought a new position in shares of Diana Shipping in the 2nd quarter valued at about $30,000. Choreo LLC bought a new position in shares of Diana Shipping in the 2nd quarter valued at about $38,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Diana Shipping in the 2nd quarter valued at about $38,000. Sheaff Brock Investment Advisors LLC bought a new position in shares of Diana Shipping in the 3rd quarter valued at about $39,000. Finally, Bright Futures Wealth Management LLC. bought a new position in shares of Diana Shipping in the 1st quarter valued at about $53,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

About Diana Shipping

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.