GSA Capital Partners LLP Invests $176,000 in Diana Shipping Inc. (NYSE:DSX)

GSA Capital Partners LLP purchased a new position in shares of Diana Shipping Inc. (NYSE:DSX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 68,293 shares of the shipping company’s stock, valued at approximately $176,000.

Several other hedge funds have also recently bought and sold shares of the company. Scott & Selber Inc. purchased a new position in Diana Shipping in the 2nd quarter valued at approximately $30,000. Choreo LLC purchased a new position in shares of Diana Shipping in the 2nd quarter valued at $38,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Diana Shipping during the second quarter worth about $38,000. Bright Futures Wealth Management LLC. purchased a new stake in Diana Shipping in the first quarter valued at approximately $53,000. Finally, Colonial River Wealth Management LLC raised its position in Diana Shipping by 47.2% during the 2nd quarter. Colonial River Wealth Management LLC now owns 26,032 shares of the shipping company’s stock worth $74,000 after buying an additional 8,350 shares during the last quarter. Institutional investors and hedge funds own 48.68% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Diana Shipping from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

Diana Shipping Stock Performance

NYSE DSX opened at $2.14 on Monday. The business’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.61. Diana Shipping Inc. has a 1-year low of $2.07 and a 1-year high of $3.53. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.10 and a quick ratio of 2.04. The firm has a market capitalization of $267.83 million, a P/E ratio of 23.78 and a beta of 1.16.

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.