Pekin Hardy Strauss Inc. purchased a new stake in shares of Diana Shipping Inc. (NYSE:DSX - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,256,166 shares of the shipping company's stock, valued at approximately $3,164,000. Pekin Hardy Strauss Inc. owned 1.00% of Diana Shipping as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Scott & Selber Inc. acquired a new position in Diana Shipping during the second quarter valued at $30,000. Choreo LLC acquired a new stake in shares of Diana Shipping during the second quarter worth approximately $38,000. Mercer Global Advisors Inc. ADV purchased a new position in Diana Shipping during the second quarter valued at approximately $38,000. Sheaff Brock Investment Advisors LLC acquired a new position in Diana Shipping in the 3rd quarter valued at approximately $39,000. Finally, Bright Futures Wealth Management LLC. purchased a new stake in Diana Shipping in the 1st quarter worth approximately $53,000. 48.68% of the stock is owned by institutional investors and hedge funds.
Diana Shipping Stock Performance
Shares of DSX stock traded up $0.04 during trading hours on Friday, reaching $2.14. 435,006 shares of the company's stock were exchanged, compared to its average volume of 497,730. Diana Shipping Inc. has a fifty-two week low of $2.07 and a fifty-two week high of $3.53. 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 stock has a market capitalization of $267.83 million, a P/E ratio of 23.78 and a beta of 1.16. The business has a fifty day moving average price of $2.34 and a 200-day moving average price of $2.61.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Diana Shipping from a "hold" rating to a "sell" rating in a research note on Tuesday, November 12th.
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Diana Shipping Company Profile
(
Free Report)
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.
Further Reading
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