Diana Shipping (NYSE:DSX) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Diana Shipping inc. (NYSE:DSX)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.45 and traded as high as $3.05. Diana Shipping shares last traded at $3.01, with a volume of 1,564,212 shares.

Wall Street Analyst Weigh In

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

Diana Shipping Stock Up 1.3%

The company has a quick ratio of 2.01, a current ratio of 2.05 and a debt-to-equity ratio of 0.92. The stock has a market cap of $374.49 million, a P/E ratio of 6.27 and a beta of 0.51. The company’s 50 day moving average price is $2.40 and its two-hundred day moving average price is $2.45.

Diana Shipping (NYSE:DSX) last released its quarterly earnings data on Friday, July 31st. 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 the consensus estimate 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 company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, August 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.3%. Diana Shipping’s dividend payout ratio (DPR) is currently 8.33%.

Institutional Trading of Diana Shipping

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers bought a new position in Diana Shipping during the 1st quarter worth about $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Diana Shipping by 71.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 4,550 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Diana Shipping by 159.0% in the 1st quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock worth $32,000 after purchasing an additional 7,881 shares during the period. BlackRock Inc. purchased a new stake in shares of Diana Shipping in the 2nd quarter worth approximately $47,000. Finally, Mercuria Capital Strategies LLC bought a new position in shares of Diana Shipping during the fourth quarter valued at approximately $88,000. 48.68% of the stock is currently owned by 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.