Tidal Investments LLC Decreases Stake in Diana Shipping Inc. (NYSE:DSX)

Tidal Investments LLC cut its stake in shares of Diana Shipping Inc. (NYSE:DSX) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,062 shares of the shipping company’s stock after selling 8,676 shares during the quarter. Tidal Investments LLC’s holdings in Diana Shipping were worth $136,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DSX. Choreo LLC purchased a new stake in Diana Shipping during the 2nd quarter valued at about $38,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Diana Shipping during the second quarter worth about $38,000. Sheaff Brock Investment Advisors LLC purchased a new stake in Diana Shipping in the third quarter valued at approximately $39,000. XTX Topco Ltd acquired a new position in Diana Shipping in the 3rd quarter worth approximately $64,000. Finally, Walleye Capital LLC raised its position in Diana Shipping by 55.1% during the 3rd quarter. Walleye Capital LLC now owns 48,067 shares of the shipping company’s stock worth $124,000 after buying an additional 17,067 shares during the last quarter. 48.68% of the stock is owned by institutional investors and hedge funds.

Diana Shipping Price Performance

Shares of DSX opened at $1.88 on Thursday. The business’s 50-day moving average is $2.07 and its two-hundred day moving average is $2.42. The company has a market capitalization of $235.29 million, a P/E ratio of 62.69 and a beta of 1.09. Diana Shipping Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $3.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10.

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

Diana Shipping Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, December 11th. Diana Shipping’s dividend payout ratio is currently 133.33%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th.

About Diana Shipping

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.