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

StockNews.com lowered shares of Diana Shipping (NYSE:DSX) from a hold rating to a sell rating in a research note published on Tuesday morning.

Diana Shipping Stock Performance

DSX stock traded down $0.01 during trading on Tuesday, hitting $2.19. 57,441 shares of the company traded hands, compared to its average volume of 621,303. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.10 and a quick ratio of 2.04. The company has a market cap of $274.08 million, a PE ratio of 24.39 and a beta of 1.16. The stock’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.65. Diana Shipping has a 1 year low of $2.14 and a 1 year high of $3.57.

Institutional Investors Weigh In On Diana Shipping

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP grew its position in shares of Diana Shipping by 197.9% in the second quarter. Marshall Wace LLP now owns 403,909 shares of the shipping company’s stock valued at $1,155,000 after purchasing an additional 268,337 shares during the period. Choreo LLC purchased a new stake in shares of Diana Shipping in the 2nd quarter valued at approximately $38,000. Acadian Asset Management LLC purchased a new stake in Diana Shipping in the first quarter valued at approximately $385,000. Bright Futures Wealth Management LLC. acquired a new position in Diana Shipping during the 1st quarter worth about $53,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Diana Shipping in the second quarter valued at approximately $38,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

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.