Diana Shipping (NYSE:DSX) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Diana Shipping inc. (NYSE:DSX)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.43 and traded as high as $2.73. Diana Shipping shares last traded at $2.6950, with a volume of 723,339 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diana Shipping in a research report on Monday, July 20th. Wall Street Zen raised shares of Diana Shipping from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Diana Shipping has an average rating of “Hold”.

Diana Shipping Trading Up 3.3%

The firm’s 50 day moving average is $2.32 and its 200 day moving average is $2.43. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.05 and a quick ratio of 2.01. The company has a market cap of $345.86 million, a PE ratio of 5.79 and a beta of 0.51.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Friday, July 31st. The shipping company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. Diana Shipping had a net margin of 27.88% and a return on equity of 7.55%. The firm had revenue of $57.29 million during the quarter, compared to analyst estimates of $54.60 million.

Diana Shipping Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.4%. Diana Shipping’s payout ratio is presently 8.33%.

Institutional Investors Weigh In On Diana Shipping

A number of institutional investors and hedge funds have recently bought and sold shares of DSX. Cetera Investment Advisers purchased a new position in Diana Shipping in the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC raised its position in shares of Diana Shipping by 71.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after buying an additional 4,550 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Diana Shipping by 159.0% during the 1st quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock worth $32,000 after acquiring an additional 7,881 shares during the last quarter. BlackRock Inc. purchased a new position in Diana Shipping in the second quarter worth $47,000. Finally, Mercuria Capital Strategies LLC purchased a new position in Diana Shipping in the fourth quarter worth $88,000. 48.68% of the stock is owned by hedge funds and other institutional investors.

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.