Diana Shipping (NYSE:DSX) Shares Cross Above 200-Day Moving Average – Should You Sell?

Diana Shipping inc. (NYSE:DSX)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $2.49 and traded as high as $2.92. Diana Shipping shares last traded at $2.8850, with a volume of 643,187 shares.

Analysts Set New Price Targets

A number of research analysts have commented on DSX shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Diana Shipping in a research report on Monday, July 20th. 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. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Diana Shipping Price Performance

The firm has a market capitalization of $348.97 million, a PE ratio of 5.84 and a beta of 0.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.01 and a current ratio of 2.05. The stock has a fifty day moving average price of $2.65 and a 200-day moving average price of $2.49.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings data on Friday, July 31st. The shipping company reported $0.16 earnings per share 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 during the quarter, compared to analysts’ expectations of $54.60 million.

Diana Shipping Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 21st. Diana Shipping’s dividend payout ratio is presently 8.33%.

Institutional Trading of Diana Shipping

Institutional investors have recently modified their holdings of the company. Susquehanna Fundamental Investments LLC raised its stake in shares of Diana Shipping by 81.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 232,492 shares of the shipping company’s stock worth $488,000 after acquiring an additional 104,375 shares in the last quarter. BlackRock Inc. acquired a new stake in Diana Shipping in the second quarter valued at approximately $47,000. GSA Capital Partners LLP acquired a new stake in Diana Shipping in the second quarter valued at approximately $763,000. Bank of America Corp DE boosted its stake in 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 acquiring an additional 251,913 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Diana Shipping by 71.2% in the first quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock worth $27,000 after purchasing an additional 4,550 shares during the last quarter. 48.68% of the stock is currently owned by institutional investors.

About Diana Shipping

Diana Shipping Inc (NYSE: DSX) 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 dry bulk cargoes used in international trade.

The company’s vessels primarily operate under time charter and voyage charter arrangements with customers around the world. Diana Shipping serves a broad range of international trade routes, connecting commodity producers, exporters, and importers across the major shipping regions.

Founded in 1999, Diana Shipping is headquartered in Athens, Greece, and has been listed on the New York Stock Exchange since 2005.