Diana Shipping (NYSE:DSX) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Diana Shipping inc. (NYSE:DSX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.01 and traded as high as $2.57. Diana Shipping shares last traded at $2.5550, with a volume of 486,348 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Diana Shipping in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Diana Shipping Stock Up 4.6%

The firm’s 50 day moving average is $2.44 and its two-hundred day moving average is $2.02. The firm has a market cap of $305.11 million, a P/E ratio of 23.96 and a beta of 0.66. The company has a current ratio of 2.73, a quick ratio of 2.69 and a debt-to-equity ratio of 1.15.

Diana Shipping (NYSE:DSX) last released its quarterly earnings data on Saturday, February 14th. The shipping company reported $0.02 earnings per share for the quarter. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%. The business had revenue of $52.05 million for the quarter.

Diana Shipping Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 1.5%. Diana Shipping’s payout ratio is presently 36.36%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Diana Shipping in the fourth quarter valued at approximately $112,000. Mackenzie Financial Corp lifted its stake in Diana Shipping by 46.4% in the fourth quarter. Mackenzie Financial Corp now owns 190,774 shares of the shipping company’s stock valued at $326,000 after buying an additional 60,430 shares in the last quarter. XTX Topco Ltd lifted its stake in Diana Shipping by 84.1% in the fourth quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company’s stock valued at $241,000 after buying an additional 66,212 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Diana Shipping by 11.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,361,713 shares of the shipping company’s stock valued at $3,920,000 after buying an additional 246,300 shares in the last quarter. Finally, Mercuria Capital Strategies LLC bought a new position in Diana Shipping in the fourth quarter valued at approximately $88,000. Institutional investors own 48.68% of the company’s stock.

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.