Diana Shipping (DSX) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was incorporated in 1999 and is based in Athens, Greece.

Key Stats

• Today's Range: $2.14 to $2.17
• 50-Day Range: $2.17 to $2.58
• 52-Week Range: $2.14 to $3.53
• Volume: 340,779 shs
• Average Volume: 537,117 shs
• Market Capitalization: $271.58 million
• P/E Ratio: 24.11
• Dividend Yield: 13.82%
• Price Target: $3.00
• Consensus Rating: Hold

Diana Shipping Stock Analysis - MarketRank™

Diana Shipping scored higher than 46% of companies evaluated by MarketBeat, and ranked 90th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Diana Shipping has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Diana Shipping has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Diana Shipping is 24.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Diana Shipping is 24.11, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 15.99.

Price to Book Value per Share Ratio

Diana Shipping has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.69% of the float of Diana Shipping has been sold short.

Short Interest Ratio / Days to Cover

Diana Shipping has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Diana Shipping has recently increased by 1.65%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Diana Shipping is a leading dividend payer. It pays a dividend yield of 13.82%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Diana Shipping does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Diana Shipping is 333.37%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.69% of the float of Diana Shipping has been sold short.

Short Interest Ratio / Days to Cover

Diana Shipping has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Diana Shipping has recently increased by 1.65%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Diana Shipping this week, compared to 2 articles on an average week.

Search Interest

Only 12 people have searched for DSX on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

5 people have added Diana Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Diana Shipping insiders have not sold or bought any company stock.

Percentage Held by Institutions

48.68% of the stock of Diana Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DSX Stock Analysis - Frequently Asked Questions

How have DSX shares performed this year?

Diana Shipping's stock was trading at $2.97 at the start of the year. Since then, DSX shares have decreased by 26.9% and is now trading at $2.17.
View the best growth stocks for 2024 here.

How were Diana Shipping's earnings last quarter?

Diana Shipping Inc. (NYSE:DSX) announced its quarterly earnings data on Wednesday, November, 17th. The shipping company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The shipping company earned $56.61 million during the quarter, compared to analyst estimates of $55.96 million. Diana Shipping had a trailing twelve-month return on equity of 5.34% and a net margin of 6.81%.

When did Diana Shipping's stock split?

Diana Shipping's stock split before market open on Friday, December 15th 2023. The 6-5 split was announced on Friday, December 15th 2023. The newly minted shares were payable to shareholders after the market closes on Friday, December 15th 2023. An investor that had 100 shares of stock prior to the split would have 120 shares after the split.

Who are Diana Shipping's major shareholders?

Diana Shipping's top institutional investors include Pekin Hardy Strauss Inc. (1.00%), GSA Capital Partners LLP (0.05%), Walleye Capital LLC (0.04%) and XTX Topco Ltd (0.02%).

How do I buy shares of Diana Shipping?

Shares of DSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Diana Shipping own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Diana Shipping investors own include Star Bulk Carriers (SBLK), Salesforce (CRM), AbbVie (ABBV), Bank of America (BAC), Chevron (CVX), QUALCOMM (QCOM) and Johnson & Johnson (JNJ).

Company Calendar

• Last Earnings: 11/17/2021
• Ex-Dividend for 8/30 Dividend: 8/15/2024
• Dividend Payable: 8/30/2024
• Today: 11/21/2024
• Next Earnings (Confirmed): 11/25/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NYSE:DSX
• CUSIP: N/A
• CIK: 1318885
• Web: www.dianashippinginc.com
• Phone: 302109470100
• Fax: 30-210-9470-101
• Employees: 1,018
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.00
• High Stock Price Target: $3.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +38.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.09
• Trailing P/E Ratio: 24.11
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $49.84 million
• Net Margins: 6.81%
• Pretax Margin: 6.81%
• Return on Equity: 5.34%
• Return on Assets: 2.26%

Debt

• Debt-to-Equity Ratio: 1.11
• Current Ratio: 2.10
• Quick Ratio: 2.04

Sales & Book Value

• Annual Sales: $235.73 million
• Price / Sales: 1.15
• Cash Flow: $0.90 per share
• Price / Cash Flow: 2.42
• Book Value: $4.32 per share
• Price / Book: 0.50

Miscellaneous

• Outstanding Shares: 125,155,000
• Free Float: N/A
• Market Cap: $271.59 million
• Optionable: Optionable
• Beta: 1.16