Diana Shipping Inc. (NYSE:DSX – Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 1,420,000 shares, a growth of 7.6% from the July 15th total of 1,320,000 shares. Based on an average trading volume of 738,500 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.9% of the company’s stock are short sold.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a $3.00 target price on shares of Diana Shipping in a research report on Tuesday, May 28th.
Read Our Latest Report on Diana Shipping
Diana Shipping Stock Up 0.4 %
Diana Shipping (NYSE:DSX – Get Free Report) last announced its quarterly earnings data on Tuesday, May 28th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $54.38 million for the quarter. Diana Shipping had a return on equity of 5.34% and a net margin of 6.81%. Equities research analysts predict that Diana Shipping will post 0.26 EPS for the current fiscal year.
Diana Shipping Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 12.10%. The ex-dividend date is Thursday, August 15th. Diana Shipping’s dividend payout ratio is currently 136.36%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Scott & Selber Inc. acquired a new stake in Diana Shipping in the 2nd quarter valued at about $30,000. Jump Financial LLC acquired a new stake in shares of Diana Shipping in the fourth quarter valued at approximately $31,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Diana Shipping during the 2nd quarter worth approximately $38,000. Choreo LLC bought a new position in shares of Diana Shipping during the 2nd quarter worth approximately $38,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Diana Shipping during the 4th quarter worth approximately $48,000. Institutional investors own 48.68% of the company’s stock.
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.
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