481,637 Diana Shipping inc. $DSX Shares Sold by Hosking Partners LLP

Hosking Partners LLP lessened its stake in Diana Shipping inc. (NYSE:DSX) by 27.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,258,155 shares of the shipping company’s stock after selling 481,637 shares during the period. Hosking Partners LLP’s holdings in Diana Shipping were worth $3,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers acquired a new stake in shares of Diana Shipping during the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of Diana Shipping by 71.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 4,550 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Diana Shipping by 159.0% in the 1st quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 7,881 shares during the period. BlackRock Inc. acquired a new position in shares of Diana Shipping in the 2nd quarter valued at $47,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Diana Shipping in the 1st quarter valued at $98,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

Diana Shipping Stock Performance

NYSE DSX opened at $2.58 on Thursday. The company has a market cap of $321.61 million, a PE ratio of 5.39 and a beta of 0.59. The stock’s 50 day simple moving average is $2.80 and its 200-day simple moving average is $2.53. Diana Shipping inc. has a 1-year low of $1.60 and a 1-year high of $3.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.05 and a quick ratio of 2.01.

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

Diana Shipping Announces Dividend

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

Analysts Set New Price Targets

DSX has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Diana Shipping from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Diana Shipping in a research report on Monday, July 20th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Diana Shipping currently has a consensus rating of “Hold”.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major commodities, including iron ore, grain and coal, as well as other bulk cargoes used in international trade. The company’s vessels serve customers and routes across global markets.

Diana Shipping’s fleet has historically included Capesize, Kamsarmax, Panamax and Ultramax vessels. The company generally employs its ships through time charter agreements, under which vessels are leased to customers for specified periods, as well as through other commercial arrangements.

Founded in 1999, Diana Shipping is incorporated in the Marshall Islands and operates from Greece, a major international center for shipping.