XTX Topco Ltd Buys Shares of 24,754 Diana Shipping Inc. (NYSE:DSX)

XTX Topco Ltd purchased a new position in shares of Diana Shipping Inc. (NYSE:DSX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,754 shares of the shipping company’s stock, valued at approximately $64,000.

Several other institutional investors have also recently made changes to their positions in the company. Scott & Selber Inc. acquired a new stake in Diana Shipping during the second quarter worth $30,000. Choreo LLC purchased a new position in shares of Diana Shipping during the 2nd quarter worth $38,000. Mercer Global Advisors Inc. ADV purchased a new stake in Diana Shipping in the 2nd quarter valued at about $38,000. Marshall Wace LLP increased its holdings in Diana Shipping by 197.9% in the 2nd quarter. Marshall Wace LLP now owns 403,909 shares of the shipping company’s stock valued at $1,155,000 after purchasing an additional 268,337 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Diana Shipping in the second quarter valued at approximately $257,000. Hedge funds and other institutional investors own 48.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Diana Shipping from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th.

Diana Shipping Price Performance

Shares of NYSE:DSX opened at $1.85 on Friday. The firm has a market capitalization of $231.54 million, a PE ratio of 61.69 and a beta of 1.09. Diana Shipping Inc. has a 1 year low of $1.73 and a 1 year high of $3.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. The firm’s 50-day moving average is $2.09 and its two-hundred day moving average is $2.43.

Diana Shipping (NYSE:DSX) last announced its earnings results on Monday, November 25th. The shipping company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Diana Shipping had a net margin of 5.36% and a return on equity of 4.42%. The firm had revenue of $57.50 million for the quarter, compared to the consensus estimate of $55.50 million. During the same period in the prior year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis.

Diana Shipping Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Wednesday, December 11th. Diana Shipping’s payout ratio is currently 133.33%.

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.