Sheaff Brock Investment Advisors LLC Invests $39,000 in Diana Shipping Inc. (NYSE:DSX)

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Diana Shipping Inc. (NYSE:DSX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,074 shares of the shipping company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSX. Acadian Asset Management LLC purchased a new position in Diana Shipping in the 1st quarter valued at about $385,000. Tidal Investments LLC boosted its position in Diana Shipping by 14.8% during the first quarter. Tidal Investments LLC now owns 47,882 shares of the shipping company’s stock worth $138,000 after acquiring an additional 6,158 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in Diana Shipping during the first quarter worth approximately $53,000. Colonial River Wealth Management LLC grew its stake in Diana Shipping by 47.2% in the 2nd quarter. Colonial River Wealth Management LLC now owns 26,032 shares of the shipping company’s stock worth $74,000 after acquiring an additional 8,350 shares during the period. Finally, Scott & Selber Inc. acquired a new position in Diana Shipping in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 48.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Diana Shipping Trading Down 0.5 %

Shares of DSX stock opened at $2.19 on Friday. The firm’s 50-day simple moving average is $2.35 and its 200-day simple moving average is $2.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.10 and a quick ratio of 2.04. Diana Shipping Inc. has a 1-year low of $2.14 and a 1-year high of $3.57. The firm has a market cap of $274.09 million, a P/E ratio of 24.33 and a beta of 1.16.

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.