Diana Shipping (NYSE:DSX) Releases Earnings Results

Diana Shipping (NYSE:DSX) posted its quarterly earnings data on Thursday. The shipping company reported $0.05 earnings per share for the quarter, RTT News reports. Diana Shipping had a net margin of 9.36% and a return on equity of 4.09%.

Diana Shipping Trading Down 1.9%

Shares of NYSE:DSX traded down $0.03 during midday trading on Thursday, reaching $1.73. The company had a trading volume of 54,100 shares, compared to its average volume of 297,436. The company has a fifty day simple moving average of $1.75 and a two-hundred day simple moving average of $1.63. The firm has a market cap of $199.82 million, a price-to-earnings ratio of 28.82 and a beta of 0.81. Diana Shipping has a 1-year low of $1.27 and a 1-year high of $2.15. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.24 and a current ratio of 2.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Diana Shipping stock. Squarepoint Ops LLC acquired a new position in Diana Shipping inc. (NYSE:DSX) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 165,487 shares of the shipping company’s stock, valued at approximately $278,000. Squarepoint Ops LLC owned 0.14% of Diana Shipping as of its most recent filing with the SEC. Hedge funds and other institutional investors own 48.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DSX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a report on Wednesday, October 8th. Wall Street Zen cut shares of Diana Shipping from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Diana Shipping presently has a consensus rating of “Sell”.

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.