Sheaff Brock Investment Advisors LLC Purchases Shares of 15,074 Diana Shipping Inc. (NYSE:DSX)

Sheaff Brock Investment Advisors LLC acquired a new position in Diana Shipping Inc. (NYSE:DSX) during the third quarter, HoldingsChannel reports. The firm acquired 15,074 shares of the shipping company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Scott & Selber Inc. purchased a new position in Diana Shipping in the second 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 position in shares of Diana Shipping during the 2nd quarter valued at $38,000. Bright Futures Wealth Management LLC. purchased a new stake in Diana Shipping during the 1st quarter worth $53,000. Finally, Colonial River Wealth Management LLC increased its holdings 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 valued at $74,000 after purchasing an additional 8,350 shares in the last quarter. 48.68% of the stock is owned by institutional investors and hedge funds.

Diana Shipping Stock Down 0.5 %

Shares of NYSE:DSX opened at $2.19 on Friday. The company has a 50 day moving average of $2.35 and a two-hundred day moving average of $2.64. Diana Shipping Inc. has a 52-week low of $2.14 and a 52-week high of $3.57. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $274.09 million, a price-to-earnings ratio of 24.33 and a beta of 1.16.

Analysts Set New Price Targets

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

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.