Diana Transport Inc. (NYSE:DSX – Get Score) declared a quarterly dividend on Tuesday, Would possibly twenty fourth, Zacks studies. Traders of report on Monday, June sixth will probably be paid a dividend of 0.25 in line with percentage through the delivery corporate on Friday, June seventeenth. This represents a $1.00 annualized dividend and a yield of 16.98%. The ex-dividend date of this dividend is Friday, June third. This can be a spice up from Diana Transport’s earlier quarterly dividend of $0.20.
Diana Transport has a dividend payout ratio of 51.6% indicating that its dividend is satisfactorily coated through income. Equities analysts be expecting Diana Transport to earn $1.29 in line with percentage subsequent yr, which means that the corporate must proceed so to duvet its $0.80 annual dividend with an anticipated long run payout ratio of 62.0%.
NYSE DSX traded down $0.47 all over noon buying and selling on Wednesday, hitting $5.89. The corporate had a buying and selling quantity of 23,353 stocks, in comparison to its reasonable quantity of 882,180. The corporate has a snappy ratio of one.84, a present ratio of one.93 and a debt-to-equity ratio of 0.97. The inventory has a marketplace cap of $539.14 million, a price-to-earnings ratio of 9.48 and a beta of one.03. The company has a fifty day easy transferring reasonable of $5.11 and a two-hundred day easy transferring reasonable of $4.51. Diana Transport has a fifty-two week low of $3.31 and a fifty-two week prime of $6.49.
Diana Transport (NYSE:DSX – Get Score) closing issued its income effects on Tuesday, Would possibly twenty fourth. The delivery corporate reported $0.31 income in line with percentage for the quarter, beating the consensus estimate of $0.28 through $0.03. Diana Transport had a internet margin of 26.79% and a go back on fairness of 10.32%. All the way through the similar quarter closing yr, the corporate posted ($0.03) EPS. As a bunch, equities analysts expect that Diana Transport will put up 1.5 income in line with percentage for the present yr.
Institutional buyers and hedge price range have lately made adjustments to their positions within the inventory. Morgan Stanley raised its place in Diana Transport through 118.1% all over the 3rd quarter. Morgan Stanley now owns 1,588,794 stocks of the delivery corporate’s inventory price $9,088,000 after obtaining an extra 860,453 stocks within the closing quarter. Wells Fargo & Corporate MN raised its place in stocks of Diana Transport through 13.9% within the fourth quarter. Wells Fargo & Corporate MN now owns 1,816,916 stocks of the delivery corporate’s inventory valued at $7,068,000 after buying an extra 221,227 stocks all over the length. Cubist Systematic Methods LLC bought a brand new place in stocks of Diana Transport within the fourth quarter valued at about $667,000. Stifel Monetary Corp grew its stake in stocks of Diana Transport through 27.0% within the fourth quarter. Stifel Monetary Corp now owns 782,522 stocks of the delivery corporate’s inventory valued at $3,044,000 after obtaining an extra 166,188 stocks within the closing quarter. After all, Goldman Sachs Staff Inc. grew its stake in stocks of Diana Transport through 187.5% within the first quarter. Goldman Sachs Staff Inc. now owns 186,727 stocks of the delivery corporate’s inventory valued at $1,008,000 after obtaining an extra 121,773 stocks within the closing quarter. Institutional buyers and hedge price range personal 36.88% of the corporate’s inventory.
Numerous equities analysis analysts lately weighed in at the inventory. Zacks Funding Analysis raised stocks of Diana Transport from a “robust promote” ranking to a “grasp” ranking in a analysis word on Tuesday, March 1st. Jefferies Monetary Staff assumed protection on stocks of Diana Transport in a analysis word on Wednesday, April twenty seventh. They set a “grasp” ranking for the corporate. StockNews.com reduce stocks of Diana Transport from a “purchase” ranking to a “grasp” ranking in a document on Thursday, Would possibly twelfth. After all, TheStreet upgraded stocks of Diana Transport from a “d+” ranking to a “c-” ranking in a document on Tuesday, March 1st. 4 equities analysis analysts have rated the inventory with a grasp ranking and one has given a purchase ranking to the inventory. In step with MarketBeat, the corporate these days has a median ranking of “Dangle” and a consensus fee goal of $6.63.
Diana Transport Corporate Profile (Get Score)
Diana Transport Inc supplies delivery transportation products and services. The corporate transports a variety of dry bulk cargoes, together with commodities, equivalent to iron ore, coal, grain, and different fabrics in delivery routes international. As of April 13, 2022, it operated a fleet of 35 dry bulk vessels, together with 4 Newcastlemax, 12 Capesize, 5 Submit-Panamax, 6 Kamsarmax, and eight Panamax.
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