Diana Shipping (NYSE:DSX – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
Diana Shipping Stock Down 4.7 %
NYSE DSX traded down $0.09 during trading hours on Tuesday, hitting $1.81. 1,649,223 shares of the company were exchanged, compared to its average volume of 649,046. The company has a 50 day moving average of $2.31 and a two-hundred day moving average of $2.59. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.11. Diana Shipping has a 52-week low of $1.79 and a 52-week high of $3.48. The firm has a market cap of $226.52 million, a price-to-earnings ratio of 20.11 and a beta of 1.16.
Institutional Trading of Diana Shipping
A number of large investors have recently made changes to their positions in DSX. Pekin Hardy Strauss Inc. acquired a new stake in shares of Diana Shipping in the 3rd quarter valued at about $3,164,000. Marshall Wace LLP boosted its position in shares of 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 period. B. Riley Wealth Advisors Inc. purchased a new stake in Diana Shipping during the 2nd quarter valued at approximately $257,000. GSA Capital Partners LLP purchased a new stake in Diana Shipping during the 3rd quarter valued at approximately $176,000. Finally, XTX Topco Ltd purchased a new stake in Diana Shipping during the 3rd quarter valued at approximately $64,000. 48.68% of the stock is owned by institutional investors and hedge funds.
About Diana Shipping
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.
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