Renaissance Technologies LLC Boosts Stock Position in Diana Shipping inc. $DSX

Renaissance Technologies LLC raised its holdings in Diana Shipping inc. (NYSE:DSX) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984,213 shares of the shipping company’s stock after buying an additional 622,500 shares during the period. Renaissance Technologies LLC’s holdings in Diana Shipping were worth $7,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DSX. Walleye Capital LLC acquired a new stake in shares of Diana Shipping during the 1st quarter worth about $1,509,000. First Eagle Investment Management LLC purchased a new position in Diana Shipping in the fourth quarter valued at approximately $775,000. Two Sigma Investments LP raised its holdings in Diana Shipping by 407.4% during the third quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after purchasing an additional 64,784 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Diana Shipping during the third quarter worth approximately $278,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Diana Shipping during the 1st quarter worth approximately $26,000. 48.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DSX has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Diana Shipping from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Diana Shipping in a research note on Monday, July 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Diana Shipping Stock Up 2.3%

Shares of NYSE DSX opened at $2.48 on Tuesday. The business has a 50-day moving average price of $2.24 and a 200 day moving average price of $2.38. The stock has a market cap of $309.16 million, a PE ratio of 5.18 and a beta of 0.51. The company has a quick ratio of 2.69, a current ratio of 2.73 and a debt-to-equity ratio of 1.10. Diana Shipping inc. has a 52-week low of $1.46 and a 52-week high of $2.91.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Thursday, July 30th. The shipping company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.02 by $0.14. The company had revenue of $57.29 million for the quarter, compared to analyst estimates of $54.60 million. Diana Shipping had a return on equity of 7.55% and a net margin of 27.88%.

Diana Shipping Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $0.01 per share. The ex-dividend date is Friday, August 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.6%. Diana Shipping’s dividend payout ratio (DPR) is 8.33%.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.