November 26, 2022

Toroso Investments LLC acquired a new stake in Diana Shipping Inc. (NYSE:DSX – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,862 shares of the shipping company’s stock, valued at approximately $62,000.

Several other large investors also recently added to or reduced their stakes in DSX. Deutsche Bank AG acquired a new position in shares of Diana Shipping in the second quarter valued at $187,000. JPMorgan Chase & Co. increased its holdings in shares of Diana Shipping by 457.0% in the second quarter. JPMorgan Chase & Co. now owns 85,251 shares of the shipping company’s stock valued at $444,000 after purchasing an additional 69,946 shares during the last quarter. FMR LLC increased its holdings in shares of Diana Shipping by 284.3% in the second quarter. FMR LLC now owns 387,400 shares of the shipping company’s stock valued at $2,018,000 after purchasing an additional 286,600 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Diana Shipping by 40.6% in the second quarter. Goldman Sachs Group Inc. now owns 116,660 shares of the shipping company’s stock valued at $608,000 after purchasing an additional 33,689 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Diana Shipping by 95.7% in the second quarter. State Street Corp now owns 42,544 shares of the shipping company’s stock valued at $222,000 after purchasing an additional 20,800 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

DSX opened at $4.75 on Friday. Diana Shipping Inc. has a twelve month low of $2.52 and a twelve month high of $6.36. The company has a 50-day simple moving average of $3.99 and a 200 day simple moving average of $4.56. The stock has a market capitalization of $434.82 million, a price-to-earnings ratio of 95.02 and a beta of 1.08.

Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Diana Shipping from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 26th. HC Wainwright assumed coverage on shares of Diana Shipping in a research note on Thursday, November 18th. They issued a “buy” rating and a $9.50 price target on the stock. Finally, Jefferies Financial Group upped their price target on shares of Diana Shipping from $4.50 to $5.00 and gave the company a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Diana Shipping has an average rating of “Hold” and a consensus price target of $6.00.

Diana Shipping Profile (Get Rating)

Diana Shipping, Inc operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes.

See Also

Institutional Ownership by Quarter for Diana Shipping (NYSE:DSX)

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10,862 Shares in Diana Shipping Inc. (NYSE:DSX) Bought by Toroso Investments LLC