Diana Shipping (NYSE:DSX) Posts Earnings Results, Beats Estimates By $0.04 EPS

Diana Shipping (NYSE:DSX) posted its quarterly earnings data on Thursday. The shipping company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04, Zacks reports. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%.

Diana Shipping Price Performance

Shares of DSX opened at $2.53 on Thursday. Diana Shipping has a 1-year low of $1.38 and a 1-year high of $2.91. The stock has a market cap of $311.94 million, a PE ratio of 22.96 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.73 and a quick ratio of 2.69. The firm has a fifty day moving average price of $2.56 and a 200 day moving average price of $2.23.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Diana Shipping from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised Diana Shipping from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Diana Shipping

A number of institutional investors and hedge funds have recently bought and sold shares of DSX. Renaissance Technologies LLC raised its holdings in shares of 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 during the last quarter. Mackenzie Financial Corp raised its holdings in shares of 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 during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Diana Shipping in the fourth quarter valued at about $300,000. Squarepoint Ops LLC acquired a new position in shares of Diana Shipping during the third quarter worth about $278,000. Finally, XTX Topco Ltd raised its holdings in Diana Shipping by 84.1% during the fourth quarter. XTX Topco Ltd now owns 144,901 shares of the shipping company’s stock worth $241,000 after purchasing an additional 66,212 shares in the last quarter. 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.