Walleye Capital LLC Buys 17,067 Shares of Diana Shipping Inc. (NYSE:DSX)

Walleye Capital LLC grew its stake in Diana Shipping Inc. (NYSE:DSX) by 55.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,067 shares of the shipping company’s stock after purchasing an additional 17,067 shares during the quarter. Walleye Capital LLC’s holdings in Diana Shipping were worth $124,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DSX. Colonial River Wealth Management LLC grew its stake in shares of Diana Shipping by 47.2% in the second quarter. Colonial River Wealth Management LLC now owns 26,032 shares of the shipping company’s stock valued at $74,000 after acquiring an additional 8,350 shares in the last quarter. Scott & Selber Inc. acquired a new position in shares of Diana Shipping in the second quarter valued at about $30,000. Choreo LLC acquired a new position in shares of Diana Shipping in the second quarter valued at about $38,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Diana Shipping in the second quarter valued at about $38,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of Diana Shipping in the third quarter valued at about $39,000. 48.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 Trading Down 1.1 %

Shares of Diana Shipping stock opened at $1.84 on Thursday. The company has a market capitalization of $230.29 million, a price-to-earnings ratio of 61.33 and a beta of 1.10. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. Diana Shipping Inc. has a 12-month low of $1.73 and a 12-month high of $3.22. The firm’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $2.49.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings data on Monday, November 25th. The shipping company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $57.50 million for the quarter, compared to the consensus estimate of $55.50 million. Diana Shipping had a net margin of 5.36% and a return on equity of 4.42%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share.

Diana Shipping Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, December 11th. This represents a $0.04 dividend on an annualized basis and a yield of 2.17%. Diana Shipping’s payout ratio is 133.33%.

Diana Shipping 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.