According to Bloomberg, the seven research firms following Diana Shipping Inc. (NYSE: DSX) have given the stock an average rating of “Moderate Buy,” indicating that investors should consider purchasing the company’s stock. These ratings suggest that investors should consider purchasing the company’s stock. There have been four recommendations to acquire the stock made by equity research experts, and there has been one suggestion to hold the stock. Most brokerage firms that have covered the stock in the previous year have estimated that the stock will reach an average price of $7.83 within the next twelve months, and all of these brokerage firms share this projection. Lately, many different analysts have been discussing stock as their topic of choice in their writings and presentations. In a research note published on Tuesday, June 14th, Clarkson Capital updated its “buy” rating on the Diana Shipping shares in a research note. The note was released on the same day. On the 20th of July, Jefferies Financial Group produced a research note stating that they would provide Diana Shipping shares coverage. They recommended that the company “buy” the stock and established a price goal of $7.00 for the stock. In a research note published on Tuesday, July 19th, Stifel Nicolaus indicated that they would be decreasing their price objective for Diana Shipping from $8.00 to $7.00. The new price target will be based on the company’s current valuation. Bloomberg’s previous recommendation for Diana Shipping was a “hold,” but in a research note published on Wednesday, August 3rd, the company modified its recommendation to “buy.” Several significant shareholders have made recent changes in the number of shares owned by the major owners in the firm. During the period that ended with the fourth quarter, Mercer Global Advisors Inc. ADV invested about $42,000 to purchase a new interest in Diana Shipping.
The quantity of Diana Shipping stock held by First Eagle Investment Management LLC increased by 54.9% during the first three months of 2018 due to the company’s acquisition of more shares. First Eagle Investment Management LLC now has a total of 137,311 shares of the shipping company’s stock, valued at $741,000, following a purchase of 48,645 additional shares during the most recent quarter. The National Bank made fresh investments in Diana Shipping of Canada Financial Institution during the first three months of 2018. About $189,000 was exchanged in the course of this business transaction. During the first three months of 2018, Vestmark Advisory Solutions Inc. increased the amount of Diana Shipping stock owned by 11.1%, bringing its total ownership percentage to 100%. During the most recent quarter, Vestmark Advisory Solutions Inc. bought an additional 5,348 shares of the shipping company’s stock, bringing its total number to 53,465, with a value of $289,000.00. This brings the company’s total number of shares to 53,465. In the fourth and final quarter of 2018, Lazard Asset Management LLC shelled out about 51,000 dollars to purchase a new investment in Diana Shipping. Institutional investors currently hold a stake in the company, equivalent to 36.88% of the total stock. Tuesday marked the start of trading for DSX stock for $5.15 per share.
The company’s moving average for the past 50 days and its moving average for the past 200 days come in at $5.15. Over the previous year and a half, the price of a share in Diana Shipping has ranged from $3.31 to $6.89. The company’s market capitalization is estimated to be $443.93 million, its price-to-earnings ratio is 3.76, and its beta value is 1.13. The ratio of current assets to total assets is 1.81, the ratio of quick assets to current assets is 1.73, and the ratio of total assets to current assets is 0.96. In addition, the business recently announced and paid out a quarterly dividend, which took place on Friday, the 19th of August. The dividend was paid to shareholders. On Monday, August 8th, dividend payments were made to $0.275 per share to stockholders who were already on record. These investors received their dividend payments. As a direct result, the yield amounts to 21.36%, and the dividend paid out each year is $1.10. The prior value of Diana Shipping’s quarterly dividend was $0.10, which is an increase from that value.
The ex-dividend date for the corporation was on August 5th, the most recent Friday. Diana Shipping maintains a payout ratio of 80.29%. Shipping and transportation are two of the key areas of expertise that Diana Maritime Inc. possesses. The organization is accountable for the shipment of numerous dry bulk cargoes via various marine routes worldwide. These cargoes may contain items such as iron ore, grain, coal, or any number of other types of resources. As of the 13th of April 2022, their fleet of dry bulk vessels includes 35 boats. In addition, there were 4 Newcastlemax ships, 12 Capesize ships, 5 Post-Panamax ships, 6 Kamsarmax ships, and 8 Panamax ships in this fleet.