Diana Shipping Inc. (NYSE:DSX) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lifted its holdings in shares of Diana Shipping Inc. (NYSE:DSX - Free Report) by 176.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,477,379 shares of the shipping company's stock after acquiring an additional 2,221,213 shares during the quarter. Diana Shipping comprises approximately 0.9% of Pekin Hardy Strauss Inc.'s holdings, making the stock its 26th biggest holding. Pekin Hardy Strauss Inc. owned approximately 2.78% of Diana Shipping worth $6,816,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DSX. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Diana Shipping in the third quarter valued at $39,000. XTX Topco Ltd purchased a new position in Diana Shipping in the 3rd quarter valued at about $64,000. Mraz Amerine & Associates Inc. purchased a new position in Diana Shipping in the 4th quarter valued at about $66,000. Walleye Capital LLC increased its position in shares of Diana Shipping by 55.1% during the third quarter. Walleye Capital LLC now owns 48,067 shares of the shipping company's stock worth $124,000 after acquiring an additional 17,067 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Diana Shipping in the third quarter worth about $176,000. 48.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Diana Shipping from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th.

Diana Shipping Stock Performance

NYSE:DSX traded up $0.04 during trading hours on Wednesday, reaching $1.88. 219,906 shares of the stock were exchanged, compared to its average volume of 327,822. Diana Shipping Inc. has a 52 week low of $1.73 and a 52 week high of $3.22. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $234.67 million, a P/E ratio of 62.52 and a beta of 1.05. The firm has a 50 day simple moving average of $1.86 and a 200-day simple moving average of $2.13.

Diana Shipping (NYSE:DSX - Get Free Report) last released its earnings results on Monday, November 25th. The shipping company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Diana Shipping had a net margin of 5.36% and a return on equity of 4.42%. The firm had revenue of $57.50 million during the quarter, compared to analyst estimates of $55.50 million. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share.

Diana Shipping Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 12th. Diana Shipping's payout ratio is -400.00%.

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.