Diana Shipping (NYSE:DSX) Stock Rating Lowered by StockNews.com

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

Diana Shipping Trading Up 1.1 %

Shares of Diana Shipping stock traded up $0.02 on Tuesday, hitting $2.24. The stock had a trading volume of 1,130,148 shares, compared to its average volume of 626,824. The stock has a 50 day moving average of $2.37 and a 200 day moving average of $2.66. Diana Shipping has a twelve month low of $2.14 and a twelve month high of $3.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.04 and a current ratio of 2.10. The firm has a market capitalization of $279.72 million, a P/E ratio of 24.83 and a beta of 1.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP increased its stake 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 buying an additional 268,337 shares during the period. Choreo LLC bought a new stake in Diana Shipping in the second quarter valued at approximately $38,000. Acadian Asset Management LLC bought a new stake in Diana Shipping in the first quarter valued at approximately $385,000. Bright Futures Wealth Management LLC. bought a new stake in Diana Shipping in the first quarter valued at approximately $53,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Diana Shipping in the second quarter valued at approximately $38,000. Institutional investors and hedge funds 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.