Diana Shipping (NYSE:DSX) Cut to “Sell” at StockNews.com

Diana Shipping (NYSE:DSX) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Diana Shipping Price Performance

Shares of NYSE DSX opened at $2.19 on Tuesday. Diana Shipping has a fifty-two week low of $2.14 and a fifty-two week high of $3.57. The company has a 50 day simple moving average of $2.36 and a two-hundred day simple moving average of $2.65. The company has a market capitalization of $274.08 million, a price-to-earnings ratio of 24.34 and a beta of 1.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.04 and a current ratio of 2.10.

Institutional Investors Weigh In On Diana Shipping

Several institutional investors and hedge funds have recently made changes to their positions in DSX. Pekin Hardy Strauss Inc. bought a new stake in shares of Diana Shipping during the third quarter valued at approximately $3,164,000. Marshall Wace LLP boosted its holdings in Diana Shipping by 197.9% in the second quarter. Marshall Wace LLP now owns 403,909 shares of the shipping company’s stock worth $1,155,000 after purchasing an additional 268,337 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Diana Shipping in the first quarter worth approximately $385,000. B. Riley Wealth Advisors Inc. purchased a new stake in Diana Shipping in the second quarter worth approximately $257,000. Finally, GSA Capital Partners LLP purchased a new stake in Diana Shipping in the third quarter worth approximately $176,000. Institutional investors own 48.68% of the company’s stock.

About Diana Shipping

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.