Marshall Wace LLP increased its holdings in Diana Shipping Inc. (NYSE:DSX - Free Report) by 197.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,909 shares of the shipping company's stock after purchasing an additional 268,337 shares during the period. Marshall Wace LLP owned 0.32% of Diana Shipping worth $1,155,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in DSX. Scott & Selber Inc. purchased a new position in Diana Shipping in the 2nd quarter worth approximately $30,000. Mercer Global Advisors Inc. ADV purchased a new position in Diana Shipping in the 2nd quarter worth approximately $38,000. Choreo LLC purchased a new position in Diana Shipping in the 2nd quarter worth approximately $38,000. Bright Futures Wealth Management LLC. purchased a new position in Diana Shipping in the 1st quarter worth approximately $53,000. Finally, Colonial River Wealth Management LLC lifted its holdings in Diana Shipping by 47.2% in the 2nd quarter. Colonial River Wealth Management LLC now owns 26,032 shares of the shipping company's stock worth $74,000 after purchasing an additional 8,350 shares in the last quarter. 48.68% of the stock is owned by hedge funds and other institutional investors.
Diana Shipping Price Performance
Shares of DSX traded up $0.01 during mid-day trading on Monday, hitting $2.48. 457,857 shares of the stock were exchanged, compared to its average volume of 642,075. The company has a market cap of $310.22 million, a PE ratio of 11.27 and a beta of 1.15. Diana Shipping Inc. has a 52-week low of $2.14 and a 52-week high of $3.57. The firm has a 50-day moving average of $2.45 and a two-hundred day moving average of $2.76. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.04 and a current ratio of 2.10.
Diana Shipping (NYSE:DSX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $52.86 million for the quarter, compared to analysts' expectations of $58.55 million. Diana Shipping had a return on equity of 5.34% and a net margin of 6.81%.
Diana Shipping Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 annualized dividend and a dividend yield of 12.10%. Diana Shipping's dividend payout ratio (DPR) is 136.36%.
Diana Shipping 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.
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