D. E. Shaw & Co. Inc. Purchases 7,174 Shares of Diana Shipping Inc (DSX)

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D. E. Shaw & Co. Inc. raised its position in shares of Diana Shipping Inc (NYSE:DSX) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,988 shares of the shipping company’s stock after purchasing an additional 7,174 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.08% of Diana Shipping worth $286,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wiley BROS. Aintree Capital LLC bought a new position in shares of Diana Shipping during the 4th quarter valued at approximately $32,000. HHM Wealth Advisors LLC bought a new position in shares of Diana Shipping during the 4th quarter valued at approximately $41,000. Virtu Financial LLC grew its stake in shares of Diana Shipping by 28.2% during the 4th quarter. Virtu Financial LLC now owns 20,790 shares of the shipping company’s stock valued at $66,000 after acquiring an additional 4,569 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Diana Shipping by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 265,921 shares of the shipping company’s stock valued at $1,095,000 after acquiring an additional 33,661 shares during the period. Finally, Morgan Stanley grew its stake in shares of Diana Shipping by 22.5% during the 3rd quarter. Morgan Stanley now owns 550,310 shares of the shipping company’s stock valued at $2,267,000 after acquiring an additional 101,193 shares during the period. Institutional investors and hedge funds own 34.42% of the company’s stock.

Shares of NYSE:DSX opened at $3.21 on Tuesday. The company has a market cap of $330.07 million, a P/E ratio of 32.20 and a beta of 0.91. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.69. Diana Shipping Inc has a 12-month low of $2.41 and a 12-month high of $5.16.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings data on Tuesday, February 26th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.06). The company had revenue of $62.87 million for the quarter, compared to the consensus estimate of $60.44 million. Diana Shipping had a net margin of 7.39% and a return on equity of 2.64%. The company’s revenue was up 28.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($4.28) earnings per share. On average, sell-side analysts expect that Diana Shipping Inc will post 0.17 earnings per share for the current year.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Diana Shipping from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Pareto Securities downgraded Diana Shipping from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Finally, Morgan Stanley set a $4.00 price objective on Diana Shipping and gave the company a “hold” rating in a research note on Friday, February 15th.

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Diana Shipping Company 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 through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

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Institutional Ownership by Quarter for Diana Shipping (NYSE:DSX)

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