Walleye Capital LLC Acquires 17,067 Shares of Diana Shipping Inc. (NYSE:DSX)

Walleye Capital LLC boosted its holdings in Diana Shipping Inc. (NYSE:DSX) by 55.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,067 shares of the shipping company’s stock after buying an additional 17,067 shares during the quarter. Walleye Capital LLC’s holdings in Diana Shipping were worth $124,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. bought a new position in Diana Shipping in the 3rd quarter valued at approximately $3,164,000. Marshall Wace LLP raised its holdings in Diana Shipping by 197.9% in the 2nd quarter. Marshall Wace LLP now owns 403,909 shares of the shipping company’s stock valued at $1,155,000 after buying an additional 268,337 shares during the last quarter. Choreo LLC bought a new position in Diana Shipping in the 2nd quarter valued at approximately $38,000. GSA Capital Partners LLP bought a new position in Diana Shipping during the 3rd quarter worth approximately $176,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Diana Shipping during the 3rd quarter worth approximately $39,000. Institutional investors own 48.68% of the company’s stock.

Diana Shipping Stock Down 1.1 %

Diana Shipping stock opened at $1.84 on Thursday. The firm has a market cap of $230.29 million, a price-to-earnings ratio of 61.33 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10. The firm has a 50 day moving average price of $2.18 and a two-hundred day moving average price of $2.49. Diana Shipping Inc. has a 52-week low of $1.73 and a 52-week high of $3.22.

Diana Shipping (NYSE:DSX) last announced its earnings results on Monday, November 25th. The shipping company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%. The company had revenue of $57.50 million for the quarter, compared to analyst estimates of $55.50 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year.

Diana Shipping Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $0.04 annualized dividend and a dividend yield of 2.17%. Diana Shipping’s payout ratio is 133.33%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th.

Diana Shipping Company Profile

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.