Diana Shipping (NYSE:DSX) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Diana Shipping inc. (NYSE:DSX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.43 and traded as high as $2.73. Diana Shipping shares last traded at $2.6950, with a volume of 723,339 shares traded.

Analyst Upgrades and Downgrades

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

Diana Shipping Trading Up 0.9%

The company has a fifty day moving average of $2.30 and a two-hundred day moving average of $2.43. 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 stock has a market capitalization of $335.28 million, a price-to-earnings ratio of 5.61 and a beta of 0.51.

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

Diana Shipping Announces Dividend

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

Institutional Investors Weigh In On Diana Shipping

A number of hedge funds have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC boosted its holdings in Diana Shipping by 81.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 232,492 shares of the shipping company’s stock valued at $488,000 after purchasing an additional 104,375 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Diana Shipping in the 2nd quarter valued at approximately $47,000. GSA Capital Partners LLP acquired a new stake in shares of Diana Shipping in the 2nd quarter valued at approximately $763,000. Bank of America Corp DE boosted its stake in shares of Diana Shipping by 37,938.7% in the first quarter. Bank of America Corp DE now owns 252,577 shares of the shipping company’s stock valued at $631,000 after buying an additional 251,913 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Diana Shipping by 71.2% in the first quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after buying an additional 4,550 shares in the last quarter. Institutional investors and hedge funds own 48.68% of the company’s stock.

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.