StockNews.com Begins Coverage on Diana Shipping (NYSE:DSX)

Posted by on Jun 6th, 2023

Investment analysts at StockNews.com initiated coverage on shares of Diana Shipping (NYSE:DSX – Get Rating) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the shipping company’s stock.

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a $4.00 target price on shares of Diana Shipping in a report on Thursday, February 23rd.

Diana Shipping Stock Performance

Shares of DSX opened at $3.98 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.03 and a current ratio of 1.07. The stock has a 50 day moving average price of $3.85 and a two-hundred day moving average price of $3.93. The firm has a market capitalization of $423.63 million, a P/E ratio of 3.11 and a beta of 1.13. Diana Shipping has a 52 week low of $3.36 and a 52 week high of $6.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV increased its position in shares of Diana Shipping by 13.4% during the first quarter. Creative Financial Designs Inc. ADV now owns 21,500 shares of the shipping company’s stock valued at $84,000 after acquiring an additional 2,540 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of Diana Shipping by 18.8% during the first quarter. 180 Wealth Advisors LLC now owns 19,000 shares of the shipping company’s stock valued at $74,000 after acquiring an additional 3,000 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Diana Shipping by 23.4% during the first quarter. Lazard Asset Management LLC now owns 16,467 shares of the shipping company’s stock valued at $88,000 after acquiring an additional 3,121 shares in the last quarter. Claro Advisors LLC increased its position in shares of Diana Shipping by 13.0% during the fourth quarter. Claro Advisors LLC now owns 28,111 shares of the shipping company’s stock valued at $110,000 after acquiring an additional 3,245 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Diana Shipping by 13.8% during the fourth quarter. State of Wyoming now owns 27,547 shares of the shipping company’s stock valued at $107,000 after acquiring an additional 3,341 shares in the last quarter. 18.53% of the stock is owned by institutional investors.

Diana Shipping Company Profile

(Get Rating)

Diana Shipping, Inc operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes.

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