Renaissance Technologies LLC Sells 120,911 Shares of Diana Shipping Inc. (NYSE:DSX)

Renaissance Technologies LLC cut its position in Diana Shipping Inc. (NYSE:DSX) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,088,213 shares of the shipping company’s stock after selling 120,911 shares during the period. Renaissance Technologies LLC’s holdings in Diana Shipping were worth $4,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DSX. Pekin Hardy Strauss Inc. lifted its stake in shares of Diana Shipping by 176.8% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 3,477,379 shares of the shipping company’s stock valued at $6,816,000 after buying an additional 2,221,213 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Diana Shipping in the 4th quarter worth about $76,000. Mraz Amerine & Associates Inc. bought a new position in Diana Shipping in the 4th quarter valued at about $66,000. Rathbones Group PLC acquired a new position in Diana Shipping during the 4th quarter valued at about $54,000. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in Diana Shipping by 43.1% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,574 shares of the shipping company’s stock worth $42,000 after purchasing an additional 6,500 shares in the last quarter. 48.68% of the stock is owned by institutional investors.

Diana Shipping Trading Down 4.0 %

Shares of Diana Shipping stock opened at $1.43 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $1.67 and a 200 day simple moving average of $1.89. Diana Shipping Inc. has a 12-month low of $1.27 and a 12-month high of $3.22. The company has a market capitalization of $179.04 million, a P/E ratio of 47.68 and a beta of 0.85.

Diana Shipping Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.80%. The ex-dividend date was Wednesday, March 12th. Diana Shipping’s dividend payout ratio (DPR) is presently -400.00%.

Diana Shipping Company Profile

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.