StockNews.com Downgrades Diana Shipping (NYSE:DSX) to Sell

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

Diana Shipping Price Performance

NYSE DSX opened at $2.19 on Tuesday. Diana Shipping has a 52 week low of $2.14 and a 52 week high of $3.57. The firm has a market capitalization of $273.46 million, a P/E ratio of 24.28 and a beta of 1.16. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $2.35 and a 200-day moving average price of $2.65.

Institutional Investors Weigh In On Diana Shipping

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSX. Pekin Hardy Strauss Inc. purchased a new stake in Diana Shipping in the 3rd quarter worth approximately $3,164,000. Marshall Wace LLP boosted its position in shares of Diana Shipping by 197.9% during the 2nd quarter. Marshall Wace LLP now owns 403,909 shares of the shipping company’s stock valued at $1,155,000 after acquiring an additional 268,337 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Diana Shipping during the 1st quarter valued at approximately $385,000. B. Riley Wealth Advisors Inc. bought a new stake in Diana Shipping in the second quarter worth $257,000. Finally, GSA Capital Partners LLP bought a new stake in Diana Shipping in the third quarter worth $176,000. 48.68% of the stock is owned by hedge funds and other institutional investors.

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.