Arrowstreet Capital Limited Partnership reduced its position in shares of Diana Shipping Inc. (NYSE:DSX - Free Report) by 72.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,666 shares of the shipping company's stock after selling 226,196 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.07% of Diana Shipping worth $170,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Diana Shipping by 43.1% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,574 shares of the shipping company's stock valued at $42,000 after buying an additional 6,500 shares in the last quarter. XTX Topco Ltd purchased a new position in Diana Shipping during the 3rd quarter valued at about $64,000. Mraz Amerine & Associates Inc. acquired a new position in shares of Diana Shipping in the 4th quarter valued at about $66,000. SBI Securities Co. Ltd. acquired a new position in shares of Diana Shipping in the 4th quarter valued at about $76,000. Finally, Pekin Hardy Strauss Inc. lifted its position in shares of Diana Shipping by 176.8% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 3,477,379 shares of the shipping company's stock worth $6,816,000 after purchasing an additional 2,221,213 shares in the last quarter. Hedge funds and other institutional investors own 48.68% of the company's stock.
Diana Shipping Stock Performance
Shares of DSX opened at $1.44 on Monday. The company has a market capitalization of $179.67 million, a PE ratio of 47.85 and a beta of 0.85. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10. The company's 50 day moving average price is $1.72 and its 200 day moving average price is $1.94. Diana Shipping Inc. has a 52 week low of $1.27 and a 52 week high of $3.22.
Diana Shipping Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Wednesday, March 12th. Diana Shipping's dividend payout ratio (DPR) is presently -400.00%.
About Diana Shipping
(
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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